“Stable” is rarely a word used to describe the health insurance market. But when it comes to the employer-sponsored coverage enjoyed by more than 151 million Americans, it’s an appropriate term.
Given that workers will likely be greeted with higher premiums this open enrollment season, the degree of that stability is certainly up for debate. That said, premiums are rising at a much more modest clip — 3% for family coverage, for example — than the headline-grabbing spikes of 15% or 20% on the fledgling Obamacare exchanges. That 3% marks six straight years of increases under 5%, according to a recent survey from the nonprofit Kaiser Health Foundation.