Health Law & Business

Employers See Some Relief as Health Spending Continues to Rise

Feb. 14, 2020, 10:40 AM

The sharply rising cost of health care for employers and their workers is showing signs of moderating, according to an organization that tracks spending in employer-sponsored health plans.

Total health-care spending by employers and about 40 million employees and family members grew 4.4% in 2018, to an all-time high of $5,892 per person, slightly higher than 4.2% growth in 2017 and the third consecutive year of growth above 4%, the Health Care Cost Institute report said. Annual out-of-pocket spending for consumers increased 3.8% to $907.

Private employers are the largest source of health coverage in the U.S., providing insurance...

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