Bernard F. Pettingill, Ph.D. and Nils Westerlund, DPT - Ana
Medflation is up 77% from 1992-2005, while the CPI is up only 39%. The United States (US) Bureau of Labor Statistics (BLS) and Occupational Employment Statistics (OES) reported that medical inflation has increased, on average by 5% per year, over the past nine years. Based on BLS-OES data, nursing costs have increased at annual rates between 3.5% and 4.75%.
Read more...