Zam-Zam
Senator
Like pretty much everything else these days, health insurance costs are about to spike:
Signing up for health insurance coverage in 2024? You may be in for a shock.
In 2024, employer coverage costs are set to increase by approximately 6.5 percent, according to survey data from Mercer and Willis Towers Watson, two benefits consulting firms. This could be the biggest surge in over 10 years, notes The Wall Street Journal, which was the first to report on the survey.
Increasing labor costs at hospitals and more spending on weight-loss and diabetes drugs like Ozempic are two factors contributing to these higher costs, experts told the Journal.
The business impact could be daunting. Annual family premiums for employer-sponsored health insurance already cost an average of $22,463, with employees contributing approximately $6,106 and employers picking up the rest, according to a 2022 survey from the Kaiser Family Foundation.
Complete text: Health Insurance Costs Are Set to Surge to Highest Level in a Decade. Business Leaders Should Prepare | Inc.com
Couple that news with this:
US Household Incomes Fall For Third Straight Year: Census Bureau
US Household Incomes Fall For Third Straight Year: Census Bureau | Barron's (barrons.com)
Despite claims from the administration, not everything is going great for the average American....The bad news for the administration is that the average American knows it.
Signing up for health insurance coverage in 2024? You may be in for a shock.
In 2024, employer coverage costs are set to increase by approximately 6.5 percent, according to survey data from Mercer and Willis Towers Watson, two benefits consulting firms. This could be the biggest surge in over 10 years, notes The Wall Street Journal, which was the first to report on the survey.
Increasing labor costs at hospitals and more spending on weight-loss and diabetes drugs like Ozempic are two factors contributing to these higher costs, experts told the Journal.
The business impact could be daunting. Annual family premiums for employer-sponsored health insurance already cost an average of $22,463, with employees contributing approximately $6,106 and employers picking up the rest, according to a 2022 survey from the Kaiser Family Foundation.
Complete text: Health Insurance Costs Are Set to Surge to Highest Level in a Decade. Business Leaders Should Prepare | Inc.com
Couple that news with this:
US Household Incomes Fall For Third Straight Year: Census Bureau
US Household Incomes Fall For Third Straight Year: Census Bureau | Barron's (barrons.com)
Despite claims from the administration, not everything is going great for the average American....The bad news for the administration is that the average American knows it.