$28,000 Annual Healthcare Costs for American Families
Healthcare costs for a typical American family of four receiving coverage from an employer-sponsored preferred provider plan (PPO) is now $28,000.
This is a 4.5%, increase over last year. which was a 4.3% increase.
“On the one hand it’s heartening to see the rate of healthcare cost increase remain low. On the other hand, we’re still talking about more than $28,000 in total healthcare costs for the typical American family.” said Chris Girod, co-author of the report.
Prescriptions Highest cost to Families
For the third straight year, prescription drug cost trends are down, though at 6% the rate of increase still exceeds all other healthcare costs.
“Prescription drug costs have steadied, but this trend is volatile and hard to predict,” said Scott Weltz, co-author of the Millman Medical Index. “High-cost drugs can have a big impact on trends, as we witnessed a few years ago when hepatitis C treatments hit the market. Alternatively, point-of-sale rebates could push a consumer’s costs in the other direction, particularly for people taking high-cost drugs. As the environment evolves, changes in drug prices can be deployed quite quickly.”
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