What's Happening?
As the open enrollment season begins, workers are facing an increase in health insurance costs for 2026. According to CBS News business analyst Jill Schlesinger, employees can expect to pay 6% to 7% more
for employer-sponsored health insurance, a rate that surpasses the current inflation rate. This period is crucial for employees to review and select their health plans, considering the financial implications of these rising costs.
Why It's Important?
The increase in health insurance costs during open enrollment has significant implications for American workers and their families. With healthcare expenses rising faster than inflation, many may face financial strain, impacting their overall economic well-being. This situation highlights the broader issues within the U.S. healthcare system, including affordability and access to care. Employers and policymakers may need to address these challenges to ensure that healthcare remains accessible and affordable for all.