Notice: This evaluation was up to date on Could 17, 2024 to incorporate new knowledge.
Inflation in medical care costs and total well being spending sometimes outpaces inflation in the remainder of the financial system. Nevertheless, since 2021, medical costs have grown at the same price as in previous years whereas costs in another components of the financial system grew rather more quickly than up to now.
Whereas medical care costs elevated by 2.2% between March 2023 and March 2024, the costs of all items and companies elevated by 3.5%, in keeping with an up to date evaluation. Costs for hospital companies and associated companies (7.7%) – each inpatient (6.9%) and outpatient (8.3%) – in addition to for nursing houses (3.9%) rose sooner than for prescribed drugs and physicians’ companies (0.4% and 0.7%, respectively).
KFF makes use of Bureau of Labor Statistics (BLS) knowledge, together with the buyer value index (CPI) and producer value index (PPI) to research costs for medical care in comparison with different items and companies. The evaluation will be discovered on the Peterson-KFF Well being System Tracker, an data hub devoted to monitoring and assessing the efficiency of the U.S. well being system.
