First published 5/11/11 on Health Populi
Health care costs have doubled in less than nine years for the typical American family of four covered by a preferred provider health plan (PPO). In 2011, that health cost is nearly $20,000; in 2002, it was $9,235, as measured by the 2011 Milliman Medical Index (MMI). To put this in context,
- The 2011 poverty level for a family of 4 in the 48 contiguous U.S. states is $22,350
- The car buyer could purchase a Mini-Cooper with $20,000
- The investor could invest $20K to yield $265,353 at a 9% return-on-investment.