U.S. Healthcare Costs Per Family More Than Doubled In Nine Years, Report Finds

Foxrac

Foxrac

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U.S. healthcare is so expensive that records are broken even when cost increases slow.

According to a new report by Milliman, a global consulting and actuarial firm, the total cost of healthcare for the average family of four, if covered by a preferred provider organization, is now a now a record $19,393.

That might be only 7.3 percent higher than last year's average cost of $18.074, which is the smallest year-over-year increase in almost a decade. But it's also the highest year-over-year increase in total dollars spent per family at $1,319.

Trends over the last decade more completely illustrate the toll taken on the average American by rising healthcare costs.

"In 2002, American families had healthcare costs of $9,235, and those costs have now doubled in fewer than nine years," said Lorraine Mayne, Milliman principal and consulting actuary, in a press release. "As costs continue to grow -- and even as the cost trend decelerates -- the total cost of care for American families constitutes a larger and larger portion of the household budget."

Of that $1,319 increase, employers were paid for 48.6 percent of the increase, while the additional 51.6 percent was the responsibility of employees.

That's only slightly different from trends of the last five years. Over that period, employers have absorbed $3,023 in additional healthcare costs, employees themselves absorbing only slightly less, at $2,988.

Take away costs paid by employers, and the employee's share of costs has still doubled. In 2010, the average employee paid $8,008 for his family's healthcare, up from $3,634 in 2002.
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U.S. Healthcare Costs Per Family More Than Doubled In Nine Years, Report Finds

I have to say... OMG!!!
 
Yeah, I wondering why alot people are against Obamacare. I knew this is going to be bigger problem than what most people realize.

Yes, I was aware that insurance coverage for family can cost $18,000 a year. Surprised? No, I did my math and it came up at this number and I found out later that my calculation were correct. Yeah, that is how expensive it is and it is on run away. No one knows when it will be under control.

Nothing new and ain't surprised.
 
diehardbiker said:
Yeah, I wondering why alot people are against Obamacare. I knew this is going to be bigger problem than what most people realize.

Yes, I was aware that insurance coverage for family can cost $18,000 a year. Surprised? No, I did my math and it came up at this number and I found out later that my calculation were correct. Yeah, that is how expensive it is and it is on run away. No one knows when it will be under control.

Nothing new and ain't surprised.
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Yup, I want single payer health care so really bad but won't happen in America.

That's sad and got agree with you.
 
Yet healthcare insurance is posting huge profits... and you think we shouldn't have regulations?

Column:
 
netrox said:
Yet healthcare insurance is posting huge profits... and you think we shouldn't have regulations?

Column:
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I don't believe in regulation on private health insurance because it won't work at all, however I 100% prefer single payer health insurance, such as offers Medicare for everyone instead of limit to over 65 years old.
 
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