A new car vs. health insurance? Average family job

Family health insurance premiums on average have jumped to $26,993 annually, with a 6% spike in 2025—marking the steepest increases in two decades.

The cost now rivals a new Toyota Corolla hybrid as workers shoulder higher deductibles and more out-of-pocket expenses.

Rising drug and hospital costs show no signs of slowing, forcing employers to consider cutting coverage for expensive weight-loss medications.

With the federal shutdown entering its fourth week, spurred by a stalemate over the cost of health insurance for 22 million Americans on Affordable Care Act plans, a new report shows that over 154 million people with coverage through an employer also face steep price hikes — and that the situation is likely to get worse.

Premiums for job-based health insurance rose 6% in 2025 to