Healthcare Costs for the Average American are $6,553 in 2020

Milliman recently released their 2020 Milliman Medical Index. Here are some key findings from the report on healthcare costs: In 2020, healthcare costs for a hypothetical family of four reached $28,653. •   Healthcare costs for the average person are at $6,553 this year. •   Healthcare costs grew by 4.1% this year, outpacing growth in gross domestic product. •   Hospital costs... Read More

US Healthcare Spending to Climb 5.3% in 2018

The Centers for Medicare and Medicaid Services projected mid-February that US healthcare spending would increase 5.3% in 2018.   Factors affecting this increase include: Rising prices of medical goods and services Higher Medicaid costs Ageing baby-boom population driving Medicare enrollent More disposable personal income Spending in 2016 rose 4.3 percent and spending in 2017 rose 4.6 percent (originally projected at... Read More