Utah businesses are taking the brunt of premium increases more so than workers themselves, according to the Utah Foundation, a nonpartisan policy research nonprofit.
Drawing from federal data, the Utah Foundation reported the annual premium payments that employers make on behalf of their workers in family plans jumped from an average of $9,050 in 2006 to $13,059 in 2016, an increase of 31 percent. Workers paid an average of $3,116 in 2006 and $3,966 in 2016, a jump of 27 percent.
For individual plans, insurance premium payments rose an average of 38 percent for Utah employers and 18 percent for their workers from 2006 to 2016.
“Those are some pretty substantial cost increases for Utahns,” said Sam Brucker, a research analyst for the Utah Foundation and the author of the report.
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