Health Care Coverage Costs Have Risen 13.9% This Year
Some benefits firms predict increases in the cost of employer-paid health coverage will slow in 2004, but results from a new survey show that the cost of coverage has increased 13.9% this year.
Researchers found that the average cost of buying family coverage through an employer-sponsored plan is now $9,068.
Although employers pay an average of 73% of the premium, the average amount that the employees pay has increased 50% over the past three years, to $2,412.
The percentage of employers with fewer than 200 employees that say they are somewhat or very likely to drop health coverage altogether has increased to 16%, from 12% in 2002, and serious interest in dropping coverage at larger employers has increased to 8%, from 5%.