Quinnipiac University Hosts Symposium on Health Care Costs

Friday, 22 November 2024, 08:40

Quinnipiac University hosted a significant symposium focusing on health care costs and their impact on employers. Experts revealed that over the past two decades, health insurance premiums have surged dramatically, affecting both employers and employees. As many Connecticut residents face challenges in managing medical bills, the need for comprehensive solutions has never been more urgent.
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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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