Healthcare costs for average family of four surpass $30K, study says

Healthcare costs for an average family of four reached $31,065, as healthcare costs jumped 5.6 percent this year, according to a new report from consulting firm Milliman.

Costs for the average person reached $7,221. The authors of the report expect prices to continue to climb as healthcare inflation tends to trail general inflation, according to a May 30 Milliman news release.

Supply chain issues, labor shortages and a strong non-healthcare job market also contributed to the rise in costs.

"Healthcare costs increased 5.6 percent this year and have increased by 4.8 percent annually since 2021, which is the sort of year-to-year increase we were seeing before the pandemic," Dave Liner, co-author of the Milliman Medical Index, said in the release. "Call it a return to the status quo or a rebound from the pandemic — either way, family healthcare costs have resumed their persistent climb."

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