Advisory Board June 9, 2025
According to a new report from Milliman, the annual cost of healthcare for a family of four has almost tripled over the last 20 years, going from $12,214 in 2005 to $35,119 in 2025.
Healthcare costs have grown significantly
To create the Milliman Medical Index (MMI), researchers estimated the annual costs of healthcare services for an average person, as well as a hypothetical family of four (two adults and two children), covered under an average employer-sponsored health plan. The MMI separated healthcare costs into five categories:
- Inpatient facility care
- Outpatient facility care
- Professional services
- Pharmacy
- Other services (home healthcare, ambulance services, medical equipment, etc.)
According to the MMI, annual healthcare costs for the average person increased by...
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