Health Populi June 12, 2024
Health care costs for an “average” person covered by an employer-sponsored PPO in the U.S. rose 6.7% between 2023 and 2024, according to the 2024 Milliman Medical Index. Milliman also calculated that the largest driver of cost increase in health care, accounting for nearly one-half of medical cost increases, was pharmacy, the cost of prescription drugs, which grew 13% in the year.
The big number this year is $32,066, which is the cost of that employer-sponsored PPO for a family of 4 in 2024.
I’ve curated the chart of the MMI statistic for many years, resulting in this version for which I researched other household spending priorities a family might also buy for $32,066. This year, I opted for a...
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