According to a new report by the Kaiser Family Foundation, health insurance deductibles have risen more than six times faster than the average wages of the American worker since 2010.
As a result, most employees who have coverage through their employer now pay a high deductible that means that they are ones who now accept a large portion of the cost. For those employees, deductibles for an individual plan rose from a yearly average of $900 in 2010 to $1300 this year, the analysis found.
Drew Altman, the chief executive of the health policy research group, referred to this behavior as a new, “powerful trend”. And it’s not just regular employees suffering - for small businesses, the average deductible for workers is even higher, reaching $1800 a year. In addition, one in five workers have a deductible of $2000 or more, The New York Times reported.