Health insurance premiums for the nearly 150 million people who get family health insurance through employers rose an "extraordinarily modest" 3 percent in 2014, a new report released Wednesday shows.
The increase in premium prices barely outpaced average increases in workers' wages and general inflation, which were 2.3 percent and 2 percent, respectively, noted the survey released by the Kaiser Family Foundation and the Health Research & Educational Trust. But that report also underscored the now-strong trend of employees' shouldering a bigger share of total premium costs, and being on the hook for more out-of-pocket medical costs than they were a decade ago.
Premiums for a plan that cover an employee and their family now average $16,834 annually, with employers footing around 70 percent of that bill on average, according to the survey. Workers thus were forking out an average of $4,823 each year for their share of their family plan's premium.