According to the U.S. Bureau of Labor Statistics, prices for hospital services were 185.12% higher in 2018 versus 2000.
Between 2000 and 2018: Hospital services experienced an average inflation rate of 5.99% per year. This rate of change indicates significant inflation. In other words, hospital services costing $500 in the year 2000 would cost $1,425.59 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.09% during this same period, inflation for hospital services was significantly higher.
In the year 2000: Pricing changed by 6%, above the average yearly change for hospital services during the 2000-2018 time period. Compared to inflation for all items in 2000 (3.38%), price inflation for hospital services was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Hospital services: