Milliman Medical Index: Healthcare costs for typical American family reach $28,166 despite low annual rate of increase
"There are two ways of looking at this year's MMI," said
So is the American healthcare system bending the cost curve? What could be behind this apparent moderation in the annual rate of increase?
"We asked key stakeholders across the healthcare system what might be driving the decline in growth rates," said
For the third straight year, prescription drug cost trends are down, though at 6% the rate of increase still exceeds other components of the MMI.
"Prescription drug costs have steadied, but this trend is volatile and hard to predict," said
To view the complete MMI, go to http://us.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.
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