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Milliman Medical Index estimates 2024 cost of healthcare for American individual is $7,151; cost for family of four is $32,066

Milliman Medical Index estimates 2024 cost of healthcare for American individual is $7,151; cost for family of four is $32,066
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Inflation Under Control? Consumers Don t Think So

Even though price increases have moderated, Americans are still paying a lot more than they were before the pandemic.

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Healthcare costs top $31,000 for family of 4 in 2023

Healthcare

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Milliman Medical Index: Healthcare costs exceed $31,000 for hypothetical American family of four

/PRNewswire/ Milliman, Inc., a premier global consulting and actuarial firm, today released the 2023 Milliman Medical Index (MMI), which measures healthcare.

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Healthcare costs exceed $31K for family of four

Healthcare costs for a typical American family of four reached $31,065 this year, according to the new 2023 Milliman Medical Index, which measures healthcare costs for individuals and families receiving coverage from an employer-sponsored preferred provider plan. Costs for the average person, meanwhile, reached $7,221. Overall, healthcare costs increased 5.6% this year, and

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