| Business

Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Health care spending growth tapers, but remains high

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By The Associated Press
Thursday, May 22, 2014, 12:01 a.m.

Health care spending for a family with a common employer-sponsored health plan has more than doubled over the past decade, according to research from benefits consultant Milliman Inc.

A typical American family of four will spend an average of $9,695 on health care this year, according to actuarial projections in the 2014 Milliman Medical Index, released on Wednesday. That counts contributions toward insurance premiums, payments at doctor's offices or pharmacies and over-the-counter medicines. That compares with $4,443 spent in 2004.

The total cost of health care for the family, counting the employer's premium contribution, will reach $23,215 this year, Milliman projected. That represents an increase of 5.4 percent from 2013, which is the slowest year-over-year growth in the 14-year history of the medical index.

That rate is still well above the broader rate of inflation.

Subscribe today! Click here for our subscription offers.



Show commenting policy

Most-Read Stories

  1. Outdoors notices: Oct. 5, 2015
  2. Steelers cut Scobee, sign free agent kicker Boswell
  3. Sunday - Oct. 4, 2015
  4. High-speed chase ends in Duquesne crash
  5. Are Pirates better positioned to win it all this postseason?
  6. Strong police presence cut crimes, behavior issues at IUP homecoming, police say
  7. Diminishing number of pilots takes toll on small airports in Western Pa.
  8. New book credits Nunn for Steelers’ 1970s success
  9. Kessel addition, better health could have Pens scoring like it’s 1990s
  10. Shaler man charged in death of girl, 6, not prosecuted in repeated alcohol cases
  11. Pitt holds off Virginia Tech in ACC opener