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 reached $7,221.
Resuming their steady climb, healthcare costs increased 5.6 percent this year, and have increased by about 4.8 percent annually since 2021 . . .“
Source: Healthcare Finance, May 30, 2023. Link. Macroeconomic forces are further contributing to the upward direction in healthcare costs, authors noted. It’s not just inflation. The supply chain, labor shortages and strong job markets are all contributing factors.