The Most Costly Medical Conditions

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  1. 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.
    • Prescription drug expenses grew at 9.1% from 2015 to 2016, a lower rate than 2014’s 13.6% increase.
    • 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.

    Source: Milliman, May 24, 2016


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