Health insurance costs near $24K after big jump this year: survey
The average cost of workplace health insurance premiums for family coverage reached nearly $24,000 this year, jumping 7% from 2022, according to the latest annual KFF survey of employer-sponsored coverage. Why it matters: After a few years of largely flat growth, inflation appears to be driving a steady uptick in health care costs. Employers, facing a tight labor market, are trying to limit how much of those costs they pass on to workers. What they're saying: "It's just an incredible amount of money to spend on health insurance every year," said KFF health insurance expert Matthew Rae, who co-authored the report. By the numbers: Workers on average contributed $6,575 toward the cost of family coverage — up about $500 from last year — while employers kicked in $17,393, according to the KFF survey of more than 2,000 large and small employers conducted during the first half of this year. Zoom in: While premiums for family coverage rose 7%, wages grew about 5.2% on average and inflation ros
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