No respite to patients from increasing medical costs
Consumer Price Index (CPI) numbers from June 2016 which were released today show that prices for medical care have started to go up again after a lull for a couple of months. At 0.4% the price for medical care increased twice as much compared to all other items. Prices of hospital services increased by 4.3% compared to June of 2015 while in-patient hospital services prices jumped by 5.1%!
Prices of prescription drugs also increased quite significantly by 4.4% compared to June 2015.
Over the last 12 months, the price of medical care has increased over four times faster than the prices of all other items.
Looks like there is still no respite to patients from ever increasing medical costs.