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by CPLX 9 days ago
The numbers are just bullshit. The current inflation numbers tell us the price of health insurance is falling for example.

When reality seems to be in conflict with logic, the next step is to question assumptions.

2 comments

Is the cost of health insurance falling because people are settling for worse plans?
I would wager they are non insured and going to the emergency room when desperate. As another poster linked healthcare costs have grown exponentially.

https://www.aei.org/carpe-diem/chart-of-the-day-or-century-8...

It's a bit like when the inflation basket subs ground beef for steak, and then says food is getting cheaper.
Where are you seeing inflation numbers showing health insurance falling?
The CPI showed health care price dropping by 7% in the most completed numbers, which were June.

It's fucking ridiculous and obviously so. The problem does involve methodology and so on but mostly it's just that "the map is not the territory" to be honest. The CPI is a synthetic measurement.

There are other examples too. It's not just health insurance. For example, interest rates are generally excluded from the CPI. So they don't affect the tracked price of owning a car even if they cause car payments to go up by double-digit percentages. Which has actually happened.

If you want a link though: https://www.bls.gov/news.release/cpi.htm

Scroll to health insurance and note that it's showing over a 7% decrease year over year.