Health insurance premiums and deductibles rose faster than both inflation and wages in 2024, leaving the average American worker with health care costs of more than $11,000 against a median household income of $86,000.
These costs rose by 6.2 percent in 2024, outpacing both the 2.9 percent annual inflation and the median household income growth of 5.9 percent, according to a February report from the Commonwealth Fund.
“If these higher costs are combined with sluggish income growth, the cost of coverage and health care could take a larger bite out of workers’ incomes at a time when they are also dealing with higher prices for other household goods,” the report states….
Family Health Plans Average a Record $11,000 for Employees
