By Emily Olsen
Source: Healthcare Dive
First published in 2005 by actuarial firm Milliman, the MMI reflects healthcare costs for an American family made up of a 47-year-old man, a 37-year-old woman, a 4-year-old child and a baby under 1 year old.
Inflation had a significant impact on costs this year, and the report notes medical inflation usually lags behind general inflation by six to 12 months.
“While there have been some encouraging numbers on the general inflation front recently, we have a while before healthcare cost inflation catches up,” Doug Norris, co-author of the Milliman Medical Index, said in a statement.
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