Inside The “Low-flation” Myth: A Disquisition on Inflation That Is Seen And Not Seen—Part 2

So this is medical care inflation sneaking in through the back door. Moreover, it has gotten worse in recent years. Since 2007 the rate of growth in cash wage disbursements has declined to 1.9% per annum---and even that is not the end of back door medical cost inflation....
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