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.
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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.