Financial Connections, on a regular basis, analyzes the assumptions we make in financial plans. One such assumption is inflation. As we all know, inflation is not consistent for all expenses. One of the major inflation variables centers around health insurance.
According to Modern Healthcare, inflation increased to its highest level in five years. The analysis was based on statistics by the U.S. Bureau of Labor Statistics. It was 10.7% higher than the previous 12 months.
In contrast, medical care services rose only 2.3%.