The cost of health coverage through work jumped this year, in part because of inflation, according to a survey of U.S. employers.
Later this fall, companies begin their annual coverage enrollment window for 2024, and health care experts say another price hike could be coming.
The wider economy has felt those two pressures for more than a year, and now they are starting to affect health care costs, said Gary Claxton, a senior vice president with KFF.
Fronstin said health care provider consolidation also can drive up care costs, which ultimately affects premiums.
He also thinks the U.S. health care system — with its limited capacity to treat people — is still catching up on providing care that was delayed during the COVID-19 pandemic.
Persons:
KFF, “, ”, Paul Fronstin, Fronstin, Gary Claxton
Organizations:
Research Institute, Employer, Companies, KFF, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP
Locations:
United States, paychecks