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HomeinsuranceHealth Care Premiums Will Go Up in 2025, Experts Say

Health Care Premiums Will Go Up in 2025, Experts Say

Health care premiums are forecast to go up this year, a number of health care experts have told Newsweek.
Why It Matters
Health insurance premiums are typically paid monthly by the policyholders to cover health care for adults and children.
Costs for employer-provided health care coverage are becomingly increasingly difficult for small and midsize employers to fund, which can pose problems for those companies attracting and retaining employees, U.S. Retirement and Benefits Partners reported.
What To Know
According to the investment news site investors.com, it was expected that private health insurance plans bought through the Affordable Care Act (ACA) would go up by 7 percent on average, with eight states seeing a 10 percent increases and Vermont seeing the highest increase at 27 percent.
An empty bed at the ICU at Hartford Hospital in Hartford, Connecticut, on January 18, 2022. An empty bed at the ICU at Hartford Hospital in Hartford, Connecticut, on January 18, 2022. Joseph Prezioso/AFP via Getty Images
Health care costs and insurance premiums have been increasing over the years, but, according to the Society for Human Resource Management, the predicted rise in costs this year surpassed those in 2023 and 2024.
There are a number of factors behind the increase, including the country’s aging demographic, which requires greater medical resources, the rising costs of drug prescriptions and changes to the health care market, according to U.S. Retirement and Benefits Partners.
What People Are Saying
Northwestern University Professor Lindsay Allen told Newsweek that

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