A recent report on the cost of health care for families and individuals reveals a bit of a spike compared to 2021. The increase, according to the 2023 Milliman Medical Index, is within pre-pandemic historical ranges. Still, employers that provide coverage for their workers felt the bite perhaps more than plan members, as the search for top talent incentivized many sponsors to offer more benefits and to pay more of the cost.
That's a high-level distillation of the report by Milliman, a major provider of actuarial, risk management, and technology solutions.
$31,065: That's Milliman's 2023 estimate for the cost of health care for its hypothetical U.S. family of four covered by an average employer-sponsored preferred provider organization (PPO) plan. Costs for the average person reached $7,221.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
