The cost of a family health insurance plan has reached roughly $27,000 as lawmakers on both sides of the aisle have decried the high cost of health insurance.
The Kaiser Family Foundation (KFF), a nonpartisan healthcare nonprofit, found that the cost of health insurance for a family plan increased by six percent compared to the year before, which builds on two prior years of seven percent gains. This rate of increase outpaces the rate of inflation; economists believe this could stagnate employment and wage growth.
Gary Claxton, a senior vice president at KFF, said, “If healthcare costs go up faster than the economy in general, that means there’s less money left over to go to wages.”
As the burden of health insurance continues to weigh on businesses, many are pushing the cost onto empl