Since 2000, premiums for family coverage have risen 59 percent
September 25, 2004
Premiums for employer-sponsored health insurance continue to dramatically outpace the rate of wage increases, and families are now contributing about $1,000 more per year out-of-pocket for health insurance premiums than they did in 2000, according to an annual survey released by the Kaiser Family Foundation and Health Research and Educational Trust (HRET).
Since 2000, premiums for family coverage have risen 59 percent, and employee contributions have risen 57 percent, while wages have increased by only 12 percent.
"The cost of family health insurance is rapidly approaching the gross earnings of a full-time minimum-wage worker," said Drew Altman, president and chief executive of the Kaiser Family Foundation, in a release announcing the results of the study. "If ...