The rising cost of health insurance shows no signs of slowing down. According to a new survey, the average annual cost for employer-provided coverage for a family is now more than $22,000 a year.
The price of family premiums for employer-based healthcare is climbing so quickly, it's outpacing wage growth and inflation. The Kaiser Family Foundation survey found average premiums are up 4 percent from 2020, and 47 percent from 2011. Michael Johns, a Healthcare executive and former White House speech writer, notes the steady increase appears largely unaffected by the pandemic.
“I really think the Biden administration secretly has no problem with seeing these costs go up because it will at some point drive increased political support for the single-payer system that they want,” Johns said.
Right now, about 155 million Americans rely on employer-sponsored health coverage. However, Johns says if it was up to Democrats, everyone would be on a single-payer system.