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.”

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Geraldine Jensen

Geraldine Jensen

Geraldine Jensen is a child support enforcement expert. she is the author of How to Collect Child Support and the Status of Child Support Enforcment in the U.S.Geraldine is the founder of ACES, Association for Children for Enforcement of Support, Inc. ACES was founded in Toledo, Oho and grew to have 400 chapters in 48 states with over 50,000 members. ACES successfully advocated for children's legal and moral right to child support payments. At ACES,she advocates, coaches and empowers single parents.
Geraldine Jensen
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