A new survey shows the average cost of employer-sponsored family health insurance in the US rose 5% to over $28,000 this year, hitting small businesses and their workers hardest.
01Summary
- 01The annual KFF Employer Benefits Survey, released Thursday, found family plan premiums increased 5% to exceed $28,000.
- 02Small businesses and their employees are bearing the brunt of the cost rises.
- 03The survey highlights the growing financial burden on the millions of Americans with workplace health insurance.
02Why it matters
This matters because rising premiums reduce take-home pay for workers and increase costs for businesses, particularly smaller firms, potentially affecting hiring and wages.
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