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National Business Group: Health costs expected to rise 5% in 2020

Survey of large employers finds companies expect 5% increase on average in their 2020 health insurance plan premiums and costs. Average total cost is expected to be $15,375 per employee, including both premiums and out of pocket costs. Actual costs have typically come in 0.7 to 1.4 percentage points lower than predicted. Last year, actual costs went up 3.6% (vs. 5% projected). Employees are estimated to have a cost burden close to $4,500 per employee in 2020. Released by the National Business Group on Health, August 2019

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