Navigation Links
Annual Healthcare Cost for a Typical American Family is $22,030 According to 2013 Milliman Medical Index
Date:5/22/2013

SEATTLE, May 22, 2013 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 2013 Milliman Medical Index (MMI), which measures the healthcare costs for a typical American family of four receiving healthcare benefits through an employer-sponsored preferred provider organization (PPO) plan. The cost of care for this typical family in 2013 is $22,030.

"For the second consecutive year, the increase over the prior year on a percentage basis was the lowest in the history of the study—and yet the total-dollar increase still exceeded $1,300 for the fourth year in a row," said Lorraine Mayne , principal and consulting actuary with the Salt Lake City office of Milliman.

"The cost for our typical family is split between employer and employee, with the employer paying about $12,886 in employer subsidy while the employee pays the remaining $9,144 in the form of payroll deductions and out-of-pocket costs," said Scott Weltz , principal and consulting actuary with the Milwaukee office of Milliman. "While both employers and employees share the burden of financing annual cost increases, our study shows that this year employees continue to take on a growing share of the overall costs." 

In addition to highlighting which costs are borne by employers and which are borne by employees, the MMI also tracks cost increases based on different categories of care, including inpatient care, outpatient care, physician and professional services, and pharmaceuticals.

While the Patient Protection and Affordable Care Act (ACA) has dominated many discussions of healthcare costs since its passage, the law has not materially affected cost of care for families covered by large employer-sponsored plans such as that exemplified by the MMI. 

"In addition to the usual discussion of healthcare cost drivers, this year's MMI includes discussion of how health reform is—and is not—affecting families with these sorts of employer-sponsored plans and how these plans fit in the larger context of a changing healthcare landscape," said Chris Girod , principal and consulting actuary with the San Diego office of Milliman.

To view the complete MMI, go to www.milliman.com/mmi.  

About Milliman
Milliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. For further information, visit milliman.com.


'/>"/>
SOURCE Milliman, Inc.
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. WuXi PharmaTech Files 2011 Annual Report on Form 20-F
2. Auxilium Pharmaceuticals to Present at the Deutsche Bank 37th Annual Healthcare Conference
3. Med Ad News Honors Healthcare Communication Agencies at 23rd Annual Manny Awards
4. Interim results of VITOBA™ (VImpaT® added to One Baseline AED) Study Presented at the 64th Annual Meeting of the American Academy of Neurology
5. Mindray Files Annual Report on Form 20-F with the U.S. Securities and Exchange Commission
6. ShangPharma Corporation Files 2011 Annual Report on Form 20-F
7. Amarantus BioSciences to Present at the New York Biotechnology Association (NYBA) 21st Annual Meeting on May 2nd, 2012
8. Shire to Present Scientific Data Across Range of Psychiatric Disorders at American Psychiatric Association Annual Meeting May 5-9
9. Henry Schein To Present At The Deutsche Bank 37th Annual Health Care Conference
10. Stereotaxis Epoch™ Solutions Momentum Drives Strong Presence at the Heart Rhythm Society (HRS) Annual Meeting
11. Uroplasty to Present at the 11th Annual JMP Securities Research Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/20/2017)... 20, 2017   Spectrum Pharmacy Products , a ... be exhibiting at the Educational Conference, February 22-25, 2017, ... Loews Coronado Bay Resort. Spectrum will be showcasing its ... Institute . The annual Educational Conference is presented by ... of Compounding Pharmacists (IACP) and the American College of ...
(Date:2/20/2017)... -- This report analyzes the worldwide markets for Human Growth ... analytics for the US, Canada , ... Asia-Pacific , and Rest of World. ... Annual estimates and forecasts are provided for the period 2015 ... these markets. Market data and analytics are derived from primary ...
(Date:2/20/2017)... 2017  This report analyzes the worldwide markets for Peripheral Arterial ... comprehensive analytics for the US, Canada , ... Asia-Pacific , Latin America ... full report: http://www.reportlinker.com/p04707127-summary/view-report.html Annual estimates and ... a six-year historic analysis is provided for these markets. Market ...
Breaking Medicine Technology:
(Date:2/19/2017)... ... February 19, 2017 , ... ... home healthcare, will join forces with Healthwise ® at HIMSS 2017 ... the industry leader in evidence-based health education, technology and services, will demonstrate a ...
(Date:2/18/2017)... , ... February 17, 2017 , ... ... drvallecillos.com , Beverly Hills plastic surgeon Dr. Glenn Vallecillos ... , Dr. Vallecillos says, "Traditionally, plastic surgery has been centered around that idea ...
(Date:2/17/2017)... ... 2017 , ... Smiles by Seese is a comprehensive family dental practice ... leads the practice as a skilled and highly credentialed dentist who is qualified to ... patients of all ages with excellence in general, restorative, and cosmetic dentistry . ...
(Date:2/17/2017)... ... 2017 , ... For the first time, International Scholarship and ... floor for the 2017 HIMSS Conference & Exhibition at the Orange ... than 40,000 healthcare industry professionals are expected at the conference, where they will ...
(Date:2/17/2017)... , ... February 17, 2017 , ... ... has been named a finalist in the 8th Annual DecisionHealth Platinum Awards in ... delivery system. Qualis Health’s work is recognized across multiple award categories, highlighting four ...
Breaking Medicine News(10 mins):