The employer-sponsored health plan system is broken. Over the past decade, costs have skyrocketed, and as a result, health benefits are the second largest line item on employer P&Ls. The only thing more expensive is employee compensation. And yet, in 2021, average family premiums topped $22,000 per year, and they continue to grow at an unsustainable rate.
But positive change has come in the form of the Consolidated Appropriations Act of 2021 (CAA), adding transparency and accountability to the market.
