Sunday, May 19, 2013

Employer-Sponsored Healthcare Premiums over Time

Below, Corrections depicts the average premium for employer-sponsored insurance, for either the family plan or the single plan, as according to the Kaiser Family Foundation's annual survey (click to enlarge).
These are the premiums paid by either employee or employer (the sum of the two) to an insurance company:  on average employees pay about 25% of any plan.  Below, we plot the percent increases (click to enlarge).
While insurance increases have been trending downward, the worst year-on-year increase has been 13% for families and 15% for singles, both in 2002.  The rate of increase has been declining, with a local peak in 2011 of 7.5% and 9.5% for singles and families, respectively.  A flashback to the premium increasing heydays of 2000-2005.  

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