"Medical Inflation Higher Than Other Economic Sectors"

By Tom Duncan
"The cost of medical services and commodities continues to grow, and this may be a factor contributing to a recent decline in a measurement of patient confidence in their ability to pay for health care. Overall inflation for the past year was 1.1%, with the "core" rate at 0.8% taking out the more volatile food and energy sectors, according to the Consumer Price Index released Dec. 15 by the U.S. Bureau of Labor Statistics. The Federal Reserve target for annual core inflation is 1.6% to 2%. The medical care index grew by 3.2%, with the price paid for related commodities going up by 2.7%." Read more"Medical Inflation Higher Than Other Economic Sectors"  Victoria Stagg Elliot Amednews.com, December 28, 2010. Image by renjith krishnan / FreeDigitalPhotos.net.

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