The Rising Health Care Cost Challenge
According to the National Conference of State Legislatures in 2018, the average annual employer-based family coverage premium was $19,616, up 5% from 2017! Premiums have increased over 20% since 2012. Health insurance now consistently ranks as the second largest line item for a business, after payroll.
This rapid increase in cost resulted in less than 30% of businesses with fewer than 50 employees offering health insurance in 2017, according to NFIB. A 22% reduction in companies offering health insurance since 2010. In comparison companies between 50-99