Medical Care Inflation RatesPosted by RAND State Statistics on November 11th, 2020 RAND State Statistics reports a number of inflation databases, including Consumer Prices and Medical Care Inflation. Not surprisingly, Medical Care Inflation has outpaced inflation for most items over a long time period. Medical care inflation consists of four components: Medical care commodities, us crimes statistics, Medical care services, Hospital and related services, and Health insurance. See here for additional detail on Medical Care Inflation categories. Medical care services increased 8.5% from January 2017 to June 2020, an annual rate of 2.4%. Over the past decade, Medical care services increased 32.8%, an average annual rate of 2.9% (Figure 1).
Hospital services also increased significantly from January 2017 to June 2020 BY 10.2%, an annual rate of 2.8%. From January 2010 to June 2020, hospital services increased 54.3%, an annual rate of 4.4% (Table 1).
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