I'm just here for the health benefits

Job lock significantly restricts labor market mobility as millions of Americans remain in unwanted positions solely to retain employer-provided health insurance. Approximately 23 million adults, or one in four workers, currently experience this phenomenon, which has intensified as healthcare costs rise to an average of $27,000 per family annually. This systemic friction prevents workers from pursuing entrepreneurial ventures or career changes, ultimately hindering economic productivity. Richard Leonars, a product manager who has spent 14 years in his role, exemplifies this struggle; despite having savings to launch his own business, he remains tethered to his job due to the necessity of health benefits for his family. Larry Leavitt, Executive Vice President for Health Policy at KFF, notes that this anxiety over unpredictable medical costs and potential coverage loss creates a competitive disadvantage for the broader economy.