Employer-based health insurance premiums are skyrocketing

Health insurance Premiums skyrocket'

The average family is paying 47 percent more than they were a decade ago, outpacing inflation and wage growth. Americans who receive their health insurance through their employers are paying substantially higher premiums in 2021 than they were in 2011, according to a new Kaiser Family Foundation report. Employer-sponsored health insurance has seen a 47 percent rise in premiums, said the report. This health insurance premium rise has been moving faster than wage growth (31 percent) and inflation (23 percent) that took place during that same decade. This year, annual…

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Healthcare reforms could benefit from dropped employer coverage

healthcare reforms quality and cost

The quality and cost of medical services could improve without their participation. Although the 2010 Affordable Care Act from President Obama promises workers that if they enjoy their health insurance coverage from their employers, they will be able to keep it under the healthcare reforms, there are some in the industry that are now wondering if the system would be more effective and less expensive if employers dropped the coverage that they provide. The intention of the law is actually to expand the coverage from employers across the country. However,…

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