6.5% Rise in Healthcare Expenses of Families

HealthcareAs per recent reports, 6.5% of increase has been observed in the healthcare expenses of the employers in the current year over 2013. However, increase is slightly less than that occurred in the last year when it was observed to be 7.2%.

According to the latest Milliman Medical Index (MMI), a family comprising of four members that is covered under a typical health employer plan will pay $9,144 this year in premiums and out-of-pocket expenses.

MMI is a healthcare consultancy. Employees are bearing greater healthcare expenses, it has found. Families are paying 8.4% more as compared to the last year towards insurance premiums and employers are paying 6.1% more towards the same.

According to the Bureau of Labor Statistics, the private industry wages have also risen by about two percent in the last year. It was seen that about 50% of the employers are presently insured through their employers.

The findings of the 2013 Milliman Medical Index (MMI) were focused on that the healthcare cost of an American family comprising of four members those received the benefits of healthcare through preferred provider organization
(PPO) plan.

The same was measured and was found to be $22,030. The index was carried out by Milliman Inc, a global consulting and actuarial firm.