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No, the price index used incorporates both healthcare and education costs. Source: https://en.m.wikipedia.org/wiki/Personal_consumption_expenditures_price_inde
by smallgovt 7y ago
No, the price index used incorporates both healthcare and education costs.
Source: https://en.m.wikipedia.org/wiki/Personal_consumption_expenditures_price_index#Comparison_to_CPI https://en.m.wikipedia.org/wiki/Personal_consumption_expendi...
- OnlineGladiator 7y agoThose numbers don't pass the sniff test. According to that, the adjusted cost of education has gone down!?!?! That clearly ignores college, or is just factually incorrect. I also don't believe that the cost of medical treatment has gone down, although admittedly I don't have numbers to support that assertion.
- hackeraccount 7y agoPrice and medical care should be approached as though there's a giant sign that says "Here there be dragons." There are a lot of weird incentives to have multiple prices for the same medical good. For uncompensated care the incentive is to have the price be as high as possible within the bounds of sanity. The prices that insurance companies pay on the other hand tend to be much lower while those same insurance companies have an incentive for a high price for those without insurance i.e. the higher the un-insured pay for procedures the more the insurance company is saving its customers.