Average annual cost of health insurance more than price of some compact cars
Sep 16, 2009 at 12:00 AM
According to a report by USA Today the average family health insurance policy now costs more than some compact cars, and four in 10 companies will likely pass more of that expense on to workers.The average cost of a family policy offered by employers was $13,375 this year, up 5% from 2008, the Kaiser Family Foundation and the Health Research & Educational Trust survey found. By comparison, wages rose 3% over that period, the study said.The annual survey of more than 2,000 companies also found that 40% of small-business employees enrolled in individual health plans pay annual deductibles of $1,000 or more. That's almost twice the number who paid that much in 2007.Read the full report at USA Today's web site.