U.S. consumers’ health-care costs fell in May for the first time in almost four decades, the latest evidence that government policies and an expansion in generic drugs are holding back prices.The Labor Department’s price index for medical care — a figure that includes individuals’ outlays for insurance, medical supplies, doctor visits and hospital stays — fell a seasonally adjusted 0.1% in May. The leading driver of last month’s drop was a 0.6% contraction in prescription-drug costs.The dip came as overall inflation across the economy remained moderate, rising a seasonally adjusted 0.1% during the month, a reflection of the slow recovery that has contained product prices and wages for years.http://blogs.wsj.com/economics/2013/06/18/medical-costs-regi...
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M