That is only a partial of a for much longer commentary by Well being Affairs on Employer healthcare insurance coverage for single workers am workers with households. “Health Benefits In 2024: Higher Premiums Persist, Employer Strategies for GLP-1 Coverage and Family-Building Benefits,” Well being Affairs.
I’ve used two of the charts to emphasis what is happening. The primary chart will present the variance between single and household protection 1999-1924. The second chart (click on on it to enlarge) will present worker contribution for single and household protection. It additionally covers the assorted varieties of healthcare (PPO, HMO, and so forth.). Additionally it is damaged out by areas, varieties of workers, personal or public companies, union, greater or decrease wage workers, and so forth.
Therefore why I used these two charts. Each are revealing and inform us issues aren’t getting significantly better for healthcare insurance coverage prices. With authorities intervention? The identical previous, standard. No from Republicans and sure from Democrats. Learn on . . .
The common annual premium for employees coated by their very own agency in 2024 was $8,951 for single protection and $25,572 for household protection (exhibit 1). These averages had been, respectively, 6 % and seven % greater than in 2023. For comparability, the inflation charge over the course of the previous 12 months was 3.2 %, and wage development was 4.5 %.4,5
Throughout the previous 5 years, the common premium for household protection has risen from $20,576 to $25,572, a rise of 24 %. Throughout the identical interval, the inflation charge was 23 %, and wages grew 28 % (information not proven). This was the second consecutive 12 months of seven % development, leading to 14 % development over the course of the previous two years in contrast with 5 % between 2020 and 2022 (information not proven).
Common single and household premiums had been greater for coated employees in PPO plans and decrease for coated employees in HDHP/SO plans in contrast with all companies. Common premiums for single and household protection had been decrease for employees at for-profit personal employers and better for employees at not-for-profit personal employers (exhibit 3).
Lined employees, on common, contributed 16 % of the premium for single protection and 25 % of the premium for household protection in 2024 (exhibit 3). There was, nevertheless, important variation round these averages. Thirty-seven % of coated employees at small companies had been enrolled in plans with no premium contribution for single protection, in contrast with solely 5 % of coated employees at massive companies. In distinction, 26 % of coated employees at small companies had been enrolled in plans with a employee contribution of fifty % or extra for household protection, in contrast with solely 6 % at massive companies (information not proven). General, coated employees in small companies confronted the next common contribution charge for household protection than coated employees in massive companies (33 % versus 23 %) (exhibit 3).
The common quantity that coated employees contributed towards their premiums was $1,368 for single protection and $6,296 for household protection, much like in 2023. The common contribution quantity for household protection was greater for coated employees in small companies ($7,947) in contrast with these in massive companies ($5,697), whereas the common contribution quantity for single protection was decrease for coated employees in small companies ($1,204) than these in massive companies ($1,429) (exhibit 3). Thirty % of coated employees in small companies providing household protection had been in a plan with a premium contribution of greater than $10,000, in contrast with 8 % of coated employees in massive companies providing household protection (information not proven).
4. Bureau of Labor Statistics. Client Value Index, U.S. metropolis common of annual inflation, 2014–2024 [Internet]. Washington (DC): BLS; [cited 2024 Sept 30]. Accessible from: https://information.bls.gov/timeseries/CUUR0000SA0 Google Scholar
5. Common hourly earnings of manufacturing and nonsupervisory workers (seasonally adjusted) from the Present Employment Statistics survey. See Bureau of Labor Statistics. Employment, hours, and earnings from the Present Employment Statistics survey (nationwide), 2014–2024 [Internet]. Washington (DC): BLS; [cited 2024 Sept 30]. Accessible from: https://information.bls.gov/timeseries/CES0500000008 Google Scholar
