Study: Care costs continue slower growth in 2014

May 21, 2014 by Tom Murphy

Benefits consultant Milliman says health care costs for a family with a common employer-sponsored health plan have more than doubled over the past decade.

The firm projects that a typical American of four will spend $9,695 on care this year. That compares with $4,443 spent in 2004. The cost is up 6 percent from last year.

That counts a family's contribution toward insurance premiums, payments at the doctor's office or pharmacy and even bottles of aspirin.

Health care costs have been growing at a slower pace the past few years, but employees are paying a bigger share of the bill.

The actual cost an individual family racks up varies heavily depending on things like how much care they use and the coverage they have.

Explore further: Report projects health care costs to dip slightly

Related Stories

US health insurance costs up 9% in year: study

September 27, 2011

Company-provided health insurance, one of the largest costs of US businesses and households alike, rose nine percent over the past year despite the sluggish economy, according to a new study released Tuesday.

Recommended for you

Exercise and vitamin D better together for heart health

April 27, 2017

Johns Hopkins researchers report that an analysis of survey responses and health records of more than 10,000 American adults for nearly 20 years suggests a "synergistic" link between exercise and good vitamin D levels in ...

'Diet' products can make you fat, study shows

April 25, 2017

High-fat foods are often the primary target when fighting obesity, but sugar-laden "diet" foods could be contributing to unwanted weight gain as well, according to a new study from the University of Georgia.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.