healthcare costs for average American family
Source: 2018 Milliman Medical Index. (PRNewsfoto/Milliman, Inc.)

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.”

.

Families Online Magazine

Families Online Magazine

Our experts provide warm, loving, and generous advice for parents, your family and children, no matter their age -- infants, school age, 'tweens, and teenagers. Features include:Parenting, Ages and Stages of Child Development, Child Support, Cooking, Health, Children's Books, Nutrition, Christian Parenting, Relationships, Green-living, Education and School

Families Online Magazine
https://www.familiesonlinemagazine.com/wp-content/uploads/2018/05/Milliman_Medical_Index_Infographic-449x1024.jpghttps://www.familiesonlinemagazine.com/wp-content/uploads/2018/05/Milliman_Medical_Index_Infographic-150x150.jpgFamilies Online MagazineHot topicHealthcare 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...Parenting and Family Fun Activities for Kids