Health insurance premiums soar in 2023 to average of $24,000 for family plan

Gabrielle M. Etzel is the healthcare policy reporter for the Washington Examiner. Prior to joining the Washington Examiner, she served as a staff reporter at Campus Reform and as a freelance writer.

The average cost of employer-based health insurance premiums for family coverage reached nearly $24,000 in 2023, rising 7% since last year, outpacing inflation, according to the latest survey of employer-sponsored healthcare from KFF, a nonpartisan healthcare think tank.BIDEN SHIFTS FOCUS AWAY FROM DOMESTIC AFFAIRS AS ISRAEL WAR INTENSIFIES

This marked rise in insurance costs for families has outpaced both increases in wages and inflation, with KFF estimating that wages have risen by 5.2% while inflation has totaled 5.8%.

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