News

According to a new Kaiser Family Foundation study, the cost of family health insurance coverage is now close to $20,000, with the average family premium up 55% since 2008.  Employers covering most of this cost, paying an average of $14,100 a year, but workers are also feeling the pinch as they are paying an average of $5,550- up 65% from a decade ago, according to CNN.  The rising costs that insurers and employers pay to hospitals, doctors, and other service providers are the main culprit, according to the Wall Street Journal, who cites a new report by the nonprofit HEalth Care Cost Institute finds that between 2012-2016, health spending growth tracked in insurer claims from employer-sponsored coverage was "almost entirely" due to increases in prices for services including emergency room visits, surgical hospital admissions and administered drugs.