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Medicare Is Simple
Friday, June 3, 2016
Healthcare Costs $25,826 For Typical Family of Four
Milliman recently published their 2016 Milliman Medical Index (MMI) analysis
on healthcare cost trends. Here are some key findings from the report:
·In 2016, healthcare
costs for a family of 4 covered by an employer-sponsored PPO plan is $25,826.
·The cost of care for
the typical American family of 4 has tripled since it was $8,414 in 2001.
expenses grew at 9.1% from 2015 to 2016, a lower rate than 2014's 13.6%
·At $11,033, employee
total costs increased by 5.3% from 2015, while employer costs increased 4.2%.
·The 4.7% increase in
the MMI this year is the lowest rate increase ever.
·In 2016, the MMI
family's prescription drug costs will reach $4,270.