{"id":2071850,"date":"2023-10-18T14:18:02","date_gmt":"2023-10-18T18:18:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/health-insurance-rises-due-to-inflation-averaging-24k-for-family-plan\/"},"modified":"2023-10-18T14:21:21","modified_gmt":"2023-10-18T18:21:21","slug":"health-insurance-rises-due-to-inflation-averaging-24k-for-family-plan","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/health-insurance-rises-due-to-inflation-averaging-24k-for-family-plan\/","title":{"rendered":"Health insurance costs increase due to inflation, averaging $24K for family plans."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhealth-insurance-rises-due-to-inflation-averaging-24k-for-family-plan%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2071850&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">(Photo by \u200cJohn Moore\/Getty Images)<\/figcaption><\/figure>\n<h2>OAN\u2019s Abril Elfi<\/h2>\n<h3>11:16\u200b AM \u2013 Wednesday, October 18, 2023<\/h3>\n<p>The average\u2062 cost of job-based health insurance has risen 7% since last year.\u200b <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>According\u200b to a KFF\u2019s Employer Health Benefit\u200c Survey \u2063released on Wednesday, the annual cost\u2063 for family health insurance has gone\u200b up 7% and now sits at an\u2064 average of $6,575.<\/p>\n<p>Premiums for single coverage also rose to nearly\u200b $8,500, increasing 7% and employees\u2019 share of\u2062 premium is up 8%. <\/p>\n<p>Matthew Rae, who \u200dco-authored the survey, stated that\u2062 there were many \u2063affordability challenges for employee coverage. <\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cWe have a huge premium \u2063increase this year.\u200b There\u2019s just no\u2062 other way\u2063 to cut\u200d it,\u201d Rae\u200d said. \u201cThere are lots of affordability challenges for \u2062employer coverage.\u201d<\/p>\n<\/blockquote>\n<p>Though significant, the increase in premiums is broadly in \u200bline with wage and inflation increases since 2022, as well\u2063 as over the previous five years, according to KFF. <\/p>\n<p>Since health insurance may be used as a recruiting and retention strategy, firms have\u200d avoided watering down their coverage due to the\u2064 tight employment market.<\/p>\n<p>According to KFF, deductibles remained practically flat this year,\u2063 which may reflect companies\u2019 concerns about how much workers must pay when \u200dthey \u2062require medical care.<\/p>\n<p>Workers with deductibles\u200c for \u200dsingle coverage had an annual deductible of about \u200d$1,735 on average.<\/p>\n<p>KFF President and CEO Drew Altman said in a press release that \u200bpeople continue to \u2063struggle to pay medical bills and the nation has no strategy on health costs.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cRising employer healthcare premiums have resumed their nasty ways, a reminder\u200d that while\u200c the nation has <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/health-insurance-rises-due-to-inflation-averaging-24k-for-family-plan\/\" title=\"Health insurance costs increase due to inflation, averaging K for family plans.\">made great \u2062progress expanding coverage<\/a>,\u200d people continue to struggle with medical bills, and overall, the nation has no strategy on health \u2062costs,\u201d\u2063 Altman said. <\/p>\n<\/blockquote>\n<p>Reportedly, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/health-insurance-premiums-soar-in-2023-to-average-of-24000-for-family-plan\/\" title=\"Health insurance costs skyrocket in 2023, reaching ,000 on average for family plans.\">employer-sponsored healthcare coverage<\/a> is a \u200cnecessity for almost\u200b 153 million people who currently depend on it.<\/p>\n<p>Stay informed! Receive breaking\u200c news \u2064blasts directly to your inbox for free. Subscribe here. \u200d <a rel=\"noreferrer noopener\" href=\"https:\/\/www.oann.com\/alerts\" target=\"_blank\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-4\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-4'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>45th President Donald\u200b Trump unveils a new policy agenda on how to eliminate Jihadist\u2063 terror threats for good.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Advertisement<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Advertisement<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Advertisement<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>While stripping China\u2019s\u2063 access to \u200ckey U.S. artificial intelligence\u2063 chips, the Biden administration\u2019s sweeping new rules also\u2064 quietly threw Nvidia, Intel and AMD a potential lifeline.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Stanford researchers issued a report\u200b measuring the transparency of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-throws-nvidia-a-lifeline-while-choking-off-chinas-chipmaking-future\/\" title=\"US saves Nvidia, stifles China's chipmaking future.\">artificial intelligence foundation models<\/a> from companies like OpenAI and Google.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>LinkedIn said on Monday \u2063it would\u200d lay off 668 employees across its engineering, \u200ctalent and \u200cfinance teams \u2064in the \u200bsecond round of job \u200dcuts this year.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Netflix\u2019s crackdown on password-sharing likely boosted subscribers by about 6 million is expected to set the stage for price increases.<\/p>\n<\/p><\/div>\n<p> \u2064rnrn  <\/p>\n<h2> What percentage of firms offer health \u200ccoverage to their workers?<\/h2>\n<p><span>  Rategy for achieving lower health costs,\u201d Altman said.<\/p>\n<\/blockquote>\n<p>The survey also found that\u200b 73% of firms with 200 or more employees offer \u200bcoverage to their\u200d workers,\u200d while only 63%\u2064 of smaller firms\u200a\u2014\u200athose with fewer than 200 employees\u200a\u2014\u200aprovide coverage.\u2063<\/p>\n<p>The coverage offer rate \u200cfor all firm sizes remained \u200bstable this year, with 56% of firms offering coverage to their\u200a employees. \u2064However, \u200dthe percentage of employees covered by their\u200d\u200b employer\u2019s insurance declined slightly from 62% in 2022 to 61% in 2023.\u200b <\/p>\n<p>According to the survey,\u2062 preferred provider organization\u200b (PPO) plans\u2064 are the most common type of plan offered\u2064 by employers, with 46% of workers enrolled in a PPO. \u2064High-deductible\u2064 health plans with a health savings account (HSA) were offered by 25% of firms and are the second\u200b most common type of plan.\u2063 <\/p>\n<p>The survey also found that\u200b the average deductible for single coverage in HDHPs with an HSA \u2062was $2,574.\u200b <\/p>\n<p>Overall, the survey highlights the ongoing challenges \u200bof rising healthcare costs for both employers and employees. With premiums and deductibles continuing to increase, \u200bindividuals\u200d are increasingly\u2063 burdened with high out-of-pocket\u2063 expenses. As the nation grapples with how to address these issues, it is evident that affordable and accessible \u200dhealthcare remains a pressing concern.<\/p>\n<div id=\"div-gpt-ad-1598074784821-art-2\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1598074784821-art-2'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/div>\n<p><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The average cost of job-based health insurance has increased by 7% since last year, according to a survey by KFF. Family health insurance now has an average annual cost that has risen by 7%.<\/p>\n","protected":false},"author":2196,"featured_media":2071851,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2071850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2071850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2196"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2071850"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2071850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2071851"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2071850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2071850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2071850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}