Rising Health Insurance Premiums

My wife and I are on traditional Medicare with Medicare supplement plans.

My wife's company increased the costs by more than 28% starting next month.

That got me thinking about how much health insurance costs will rise in 2027.

The answer is substantially.

The median premium increase for the Affordable Care Act's marketplace plans will be about 15%.

This follows last year's double digit increase of 20%.

This increase will cost an extra $1,125 for a 40 year old on the second lowest price silver plan.

For employers, the total average health benefit cost per employee, which includes employer and employee premium contributions, is expected to increase by 8.2% in 2027, the steepest increase since 2003.

According to a 2025 survey, Health insurance premiums are a bit over $9,300 for single coverage and just under $27,000 for family coverage.

Employers pay roughly 75% of the premium.

I would like to end on this point.

A recent study came out that Medicare for All would have many benefits for one of which would be to save $1 trillion annually on health care costs.

That amounts to a roughly 20% decrease.

Imagine your health care costs actually decreasing.

That can happen with Medicare for All.