Your typical American family of four is going to have $15,609 in medical expenses this year. That’s an increase of more than $1,100 from last year.
That number is reported in the fourth annual Milliman Medical Index (MMI), which tracks the average yearly health care costs when the family of four is covered by an employer-sponsored preferred provider organization (PPO).
The new study determined that the average annual cost for a family of four increased by 7.6 percent from 2007 to 2008.
This was lower than the 8.4 percent average annual rate of increase for the period 2003–2007.
The report emphasizes, however, that the burden of overall expense is steadily shifting to employees.
“The MMI examines the key drivers and the components of actual medical spending, including physician charges, prescription drugs, and hospital charges,” says Gary Brace, a principal and study coauthor. “Over the past year . . . prescription drug costs increased by double digits at 10.6 percent. This is a trend we expect to continue for several years, as fewer high-volume drug patents expire.”
Medical costs are determined by the number, type, and cost of health care services that are utilized and the amounts that the employee’s health plan pays medical providers for these services.
Read Next
FiercePharma has compiled a list of the top 15 cancer medications that are expected to dominate the oncology market in 2022.
Joint venture plans are starting to demonstrate their ability to implement clinical management and financial management reforms. A JV health plan replaces the offloading of financial risk by health plans to ill-equipped providers with an executive-level cost management committee stated jointly by the hospital and payer.
For several days, a middle-aged woman who claimed to be a doctor in training roamed the halls of Brigham and Women’s Hospital in Boston, dressed in scrubs, asking questions at a lecture, attending patient rounds, and observing surgical procedures, according to a report in the Boston Globe
Paul Lendner ist ein praktizierender Experte im Bereich Gesundheit, Medizin und Fitness. Er schreibt bereits seit über 5 Jahren für das Managed Care Mag. Mit seinen Artikeln, die einen einzigartigen Expertenstatus nachweisen, liefert er unseren Lesern nicht nur Mehrwert, sondern auch Hilfestellung bei ihren Problemen.