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.
- Ebola: Health Officials Try to Quell Front Line Fears
- Reducing Readmissions Starts with Better Collaboration
- Ebola: A New Normal in Dallas
- Partners HealthCare M&A Deal Under Scrutiny
- Readmissions: No Quick Fix to Costly Hospital Challenge
- 'Overtreatment' Debate Circles Back to Lung Cancer Screening
- How Educated Nurses Save Money
- As virus spreads, insurers exclude Ebola from new policies
- Defensive Medicine Still Prevalent Despite Tort Reform
- How Top-Ranked MA Plans Earn Their Stars