Health Care Costs Surge 6.1 Percent

Health insurance premiums paid by U.S. businesses for their workers rose 6.1 percent this year, continuing to outpace inflation and wages, a study found.

WASHINGTON, D.C. — Health insurance premiums paid by U.S. businesses for their workers rose 6.1 percent this year, continuing to outpace inflation and wages, a study found.

The average family plan offered by a company now costs $12,106, or $62 less than a full-time worker earning the U.S. minimum wage makes, according to the survey published today in the journal Health Affairs. Companies pay an average of $8,824 for such a policy, with the worker paying the difference.

The cost of providing health care is cutting into the ability of U.S. companies to compete internationally, business organizations say. Since 2001, premiums for family coverage have increased 78 percent, while wages have gained 19 percent and inflation 17 percent, Kaiser said in the statement.

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Source: Bloomberg News