Hospital CPI Drops in July
Consumer prices for hospital services dropped 0.5 percent in July, compared with a 0.7 percent increase a year ago and a 0.6 percent increase in June. The July decline is the first decline since August 2005, when the Consumer Price Index (CPI) for hospital services fell 0.2 percent. The one-month drop in July is the largest since the U.S. Bureau of Labor Statistics began publishing comparable data in 1997. The figures are seasonally adjusted. For the 12 months ended in July, the hospital CPI rose 6.9 percent, compared with 7.1 percent a year ago.
The CPI for physician services rose 0.4 percent in July, up from 0.2 percent a year ago and down from a 0.5 percent increase in June. For the 12 months ended in July, the physician services CPI rose 3.3 percent, compared with 3.4 percent a year ago.
- 'Mega Boards' Could be Rural Healthcare Disruptor
- 1 in 5 Eligible Hospitals Penalized for HACs
- HL20: Rebecca Katz—Cooking Up Sustainable Nourishment
- Meaningful Use Payment Adjustments Begin
- HL20: Peter Semczuk, DDS, MPH—Taking on the Big Challenges
- PA hospital to pay $662,000 to settle Medicare fraud case
- Supreme Court to hear Obamacare subsidy challenge in March
- Dr. Oz gets fact-checked and the results aren't pretty
- HL20: Lee Aase—Who's Behind @MayoClinic
- How the high cost of medical care is affecting Americans