Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
November 28, 2014

Health Care Prices Are Growing at a Surprisingly Slow Rate

Vox reports that health care prices continue to grow very slowly.

“The price of medical care commodities, which includes drugs and other medical  devices, grew 0.3 percent from June to July. That was one of the lowest monthly increases all year. Growth over the previous year was 3 percent.”

“Prices for medical care services (like health insurance and hospital care) grew an even smaller 0.1 percent over the same time  month and 2.5 percent over the year. This matters just as much — or maybe more — than news about total health spending.”

“The federal government isn’t the only one noticing the slow growth. The Altarum Institute, a nonprofit research organization, has charted growth in health care prices, comparing monthly prices to the month of the previous year. While it’s positive overall, growth in the index has been modestly slowing since May.”

Screen Shot 2014 08 19 at 12.35.05 PM.0 Health Care Prices Are Growing at a Surprisingly Slow Rate

 

  • MrBeale

    Good thing we repealed Obamacare.

    • rat618

      No kidding….another report like this one and Romney will reclaim Romneycare and take credit for this downturn in medical prices.

      • Lorehead

        You may or may not think you’re joking, but in 1993, the Republican caucus voted unanimously against balancing the budget and predicted that the sky would fall when the Omnibus Budget Reconciliation Act passed. Today, they claim all the credit for it.

  • Rex Remes

    Would be nice if we could compare to data from the previous 5 or 10 years (or more).

    • embo66

      Oh, c’mon — work just a little harder! There is a chart going back to 1990 at the Altarum Institute link above.

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