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US employer-sponsored health insurance premiums are projected to increase by 6-7% next year, with employers shouldering an almost 9% rise in costs. Many employers plan to offset this by raising employee deductibles, copays, and other out-of-pocket expenses. This surge, the largest in 15 years, is driven by factors including increased demand for healthcare, higher drug prices, and reduced competition among healthcare providers. The rising costs are adding to financial strain for employees already grappling with inflation.

Prepared by Olivia Bennett and reviewed by editorial team.