The costs of providing health care to an average American family surpassed $25,000 for the first time in 2016 — even as the rate of health cost increases slowed to a record low, a new analysis revealed Tuesday.
CNBC reports that the $25,826 in health-care costs for a typical family of four covered by an employer-sponsored "preferred provider plan" is $1,155 higher than last year, and triple what it cost to provide health care for the same family in 2001, the first year that Milliman Medical Index analysis was done.
And it's the 11th consecutive year that the total dollar increase in the average family's health-care costs exceeded $1,110, the actuarial services firm noted in releasing the index.
U.S. & World
A significant cost driver identified by the index was the rapid growth in what health plans and insured people are paying for prescription drugs.