Quinnipiac University Hosts Symposium on Health Care Costs
Unpacking the Rising Health Care Costs
HAMDEN, Conn. (WTNH) -- The recent symposium at Quinnipiac University brought to light the pressing issue of health care costs and their implications for employers. Industry experts discussed the shocking rise in health insurance premiums, which have been a growing concern for over two decades.
Key Insights from the Symposium
- In 2000, average employer health insurance contributions were nearly $5,000.
- Employee contributions averaged $1,600 back then.
- Today, in contrast, employers pay about $20,000 per employee, with individuals contributing around $6,000.
This escalating trend in health care costs not only reduces the available funds for employee benefits and raises but also deepens financial strain for families. According to local government officials, addressing this issue will require a collaborative effort.
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