Employer-sponsored healthcare costs keep rising, and it’s ‘sort of untenable’
Employer-sponsored health insurance is growing costlier in the US, according to new data.
According to the Kaiser Family Foundation (KFF)’s 25th Employer Health Benefits Survey, the average annual premium for employer-sponsored health insurance as of July 2023 was $8,435 for individual coverage and $23,968 for family coverage, marking a 7% increase for each over the last year.
Workers are contributing a greater amount to premiums too. In 1999, workers contributed $318, or 14.4%, to the…