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Getting health insurance through work now costs nearly $20,000 (money.cnn.com)

submitted 4 weeks ago by tuxbot@infosec.pub to c/economy@lemmy.world

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[–] PineRune@lemmy.world 7 points 4 weeks ago

Employers and workers together are spending close to $20,000 for family health insurance coverage in 2018, according to a new Kaiser Family Foundation report.

Companies pick up most of the tab, shelling out $14,100 a year, on average. Still, workers have to pay an average of $5,550, up 65% from a decade ago.

For single coverage, total premiums have reached $6,900, on average, up 47% from 2008. Workers contribute roughly $1,200 a year.

Headline is misleading; most of the cost is being paid by employers, and the $20k number is for the coverage of a full family. Most people on single-person coverage are paying $1,200 a year for their insurance, with the employer paying the larger portion of the bill.

The article almost makes it sound like we should be sorry for big corporations eating the cost of having employees.