Observe: This evaluation was up to date with new knowledge on Could 17, 2024.

Inflation in medical care costs and general well being care spending usually exceeds inflation in the remainder of the financial system. Nonetheless, since 2021, medical costs have risen on the identical tempo as lately, whereas costs in another elements of the financial system grew a lot sooner than up to now.

Whereas costs for medical care rose 2.2% between March 2023 and March 2024, costs of all items and providers rose 3.5%, in keeping with an up to date evaluation. Costs for hospital and associated providers (7.7%) – each inpatient (6.9%) and outpatient (8.3%) – and for nursing properties (3.9%) rose sooner than for prescribed drugs and doctor providers ( 0.4% and 0.7%). %, respectively).

KFF makes use of knowledge from the Bureau of Labor Statistics (BLS), together with the Shopper Value Index (CPI) and the Producer Value Index (PPI) to research costs for medical care in comparison with different items and providers. The evaluation might be discovered on the Peterson-KFF Well being System Tracker, a useful resource middle devoted to monitoring and assessing the efficiency of the U.S. well being care system.