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May 17, 2017 at 03:57 PM
Total health care spending for a typical family of four with solid employer coverage may be just 4.3% higher this year than it was last year.
Analysts at Milliman, an actuarial consulting firm, have published that prediction in their latest medical spending index report.
Overall spending for the Milliman index family may rise to $26,944 in 2017, but the rate of increase is the lowest Milliman has recorded since the firm began publishing the spending index reports in 2001.
(Related: Health Numbers: S&P Dow Jones, UBA, Gallup)
The analysts assume the family has preferred provider organization coverage.
The index spending total includes the cost of inpatient hospital care, outpatient hospital care, health care professional services and prescription drugs. The total also includes bills for ambulance services, prosthetics, home health care services, and medical equipment and supplies.
