The stickiness of the index is kind of hard for me to get my arms around https://www.bls.gov/news.release/pdf/cpi.pdf Prices changed 0.4% from last month, a primary driver of that is shelter costs were up 0.6%, which was a little bit higher than last month increase. However new apartment rents are down over the past year and continue to trend downward. Apartment List National Rent Report https://res.cloudinary.com/apartmen...ebcac3b94adc6a2ecf9a5617c4f7f/cpi_2023_10.png Or the Zillow rent index US - Rent CPI vs. Zillow Rent Index | US Prices | Collection | MacroMicro
Oh no... here come the deflation complaints! https://www.cnbc.com/2023/10/13/def...ation-heres-the-september-2023-breakdown.html SEPTEMBER DEFLATION
Back during the roaring 20's when Trump banned wokeness, he defeated Abraham Lincoln and we all had golden toilets. Now, Sleepy Joe is killing us with inflation and deflation!
Health Insurance deflating at 37.3%?? I smell cap. WSJ News Exclusive | Health-Insurance Costs Are Taking Biggest Jumps in Years
Only going to get worse next year as health insurance plans figure out how to absorb the costs of all these recently diagnosed diabetics.
Well my son's plan just went up 50/month and he's a college student, group plan at work up about the same....feds are lying dogs.
From last year predicting a year of heavy decreases. Health-Insurance Inflation Is Poised to Drop Sharply Health insurance has contributed significantly to the sharp rise in core inflation, which strips out volatile food and energy prices, to 6.6% in September from 6.3% in August and 5.9% in July. Health-insurance prices rose 28.2% from a year earlier in September, the sharpest increase in the history of the index going back to 2006, as measured by the Labor Department’s consumer-price index. That added just less than 0.4 percentage point to September’s rise in core CPI. But that will morph into a deflationary drag with October’s CPI, to be released on Nov. 10, as the Labor Department updates the health-insurance index’s data, an effect that will last for the next 12 months.
Employers and employees will see higher insurance premiums in 2024. Bank on it. Any business owner posting here will tell you the same.
Actually if people lose large amounts of weight the cost of their care will drop significantly as they have lower rates of CAD/HTN(less strokes in time)/Dementia etc. Would you spend 25k to save 500K?
Gas is $2.82 at BJ's today in Jacksonville. AAA say the jacksonville average is $3.22, up two cents from a week ago. But I don't think I've seen it this low in a long while.
This is one of the problems with a for profit health care model. The investment costs are paid now, the health benefits take place years down the road, often when individual is on a different plan.
I wonder if all the board members have seen their premiums drop that much. Perhaps expenses have drop with less COVID hospitalizations….?
