Health care inflation: What might be behind the numbers?
When analyzing health care inflation, two variables, when multiplied, drive the rate of health care spending.
By Frederic Slade|June 21, 2018 at 10:01 AM
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Why has the cost of medical care in the United States been going up significantly faster than the overall inflation rate of goods and services?
On a broad level, since 2000, the Medical Care component of the Consumer Price Index (CPI) has been consistently increasing at a 1.5%-2% higher annual rate than the CPI for all goods and services. Health care spending accounts for 18% of US Gross Domestic Product (GDP).
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