Figure · More money, fewer insured
The price of group health policies rose 4.4 times more than that of individual ones
Between 2021 and 2023, the price per individual hospitalization policy rose 40.3%. The group policy price rose 177.3%.
It is the same product, in the same market and over the same two years. Group rose 4.4 times more.
The study derives it from each channel’s premiums and policies, in dollars.
Two readings fit. Either the surviving policies cover more lives, because the small ones left. Or the employer absorbed an increase the individual did not.
The first makes covered people fall less. The second does not save them.
For a C-suite executive who buys health coverage for staff, the question is concrete. Did your last renewal pay for more people, or only a higher price?
- +40.3%
- is how much the price per individual hospitalization policy rose between 2021 and 2023
- Source: C4Accel study, series More money, fewer insured · medium confidence
- +177.3%
- is how much the price per group hospitalization policy rose over the same years
- Source: C4Accel study, series More money, fewer insured · medium confidence
- 4.4 times
- more is how much group rose compared with individual
- Source: C4Accel study, series More money, fewer insured · medium confidence
Read the article: Group health policies fell 32% while insurance grew in dollars