Milliman: Health Costs Rising Again
The latest annual edition of the Milliman Medical Index (which estimates “the cost of healthcare for a typical American family of four covered by an average employer-sponsored preferred provider organization”) suggests that last year’s moderate rate of growth was idiosyncratically low.
Last year’s 5.4% growth rate was the lowest in the history of the Index. This year, the growth rate has climbed to 6.3 percent – exactly the same as 2013.
Milliman also concludes that the “Cadillac tax” is fast approaching, especially for workers at smaller firms.
John
Thanks so much for posting this report
We will use it in our third party material
Median household income – $53,800
Employee expenses – 19.5 percent of that median household income
Affordable Care Act, Prohibition Act. Both very inaccurately named.