US Family Healthcare Costs Hit Record High.
An annual survey by the Kaiser Family Foundation
says that family coverage is now at $20,000.
The report utilized responses from over 2,000 U.S.
workers who get insurance through their work.
It’s as much as buying a
basic economy car, but
buying it every year, Kaiser CEO Drew Altman, via 'Bloomberg'.
The survey adds that workers are contributing $6,000 to the family plan, even with the help of employers.
With costs rising so high, many have
taken on cheaper plans or
avoided insurance altogether.
Over the past decade, average deductibles
for a single person have more than doubled.
It has gone from
$533 in 2009 to $1,396 in 2019.
A recent report from the Federal Reserve says
40 percent will have trouble paying a
$400 expense they didn't foresee. .
The issue has led some businesses
to curb the costs their employees pay.
According to a survey by the
National Business Group on Health, by next year,
less of them will require workers to
link savings accounts with high-deductible coverage.
The organization says 25 percent of big companies will still use “consumer-directed health plans" by then
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