Rising employer health care premiums signal ongoing financial strain, KFF report finds

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Drew Altman President & Chief Executive Officer | Kaiser Family Foundation

Rising employer health care premiums signal ongoing financial strain, KFF report finds

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According to a recent press release from the Kaiser Family Foundation (KFF), employer-sponsored health insurance premiums for families have increased by 7% this year, reaching an annual cost of $23,968

According to the research conducted by the KFF, which is also included in the statement, the typical annual contribution made by workers has increased to $6,575 over the past several years. This represents an increase of nearly $500 compared to the contribution made the year before. According to the statement made by the KFF, there are significant disparities in the rates that employees of companies with more than 200 workers and enterprises with less than 200 workers pay for the same level of coverage.

Despite the fact that abortion laws have been amended across the country, the press release states that the KFF poll showed that 10% of large firms do not provide coverage for lawfully completed abortions under any circumstances. Seven percent of these larger organizations are considering offering financial assistance to their staff members so that they can go to another state in order to gain access to abortion services that are legal there.

When asked whether they are confident in their primary care network, 88 percent of major corporations indicated that they were. However, when asked about their mental health and drug use networks, only about 60% of them had confidence in their answers.

These findings are based on an investigation that was carried out by KFF between the months of January and July of 2023. According to the news release issued by the KFF, the purpose of the study was to provide a comprehensive picture of the changing landscape of employer-sponsored health coverage, which is critical to the wellbeing of approximately 153 million people living in the United States. In total, more than 2,100 businesses, both large and small, participated in the poll.

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