Hospital prices for consumers took the largest one-month dip since the Bureau of Labor and Statistics began tracking the metric in 1997, falling a seasonally adjusted 0.6 percent.
The Consumer Price Index for hospital spending accounts for payments from private payors and the uninsured, not including Medicare and Medicaid. The CPI for hospital spending had grown in the previous two months: 0.7 percent in February and 0.4 percent in March.
The decline is simultaneous with a similarly historic drop in hospitals' producer price index, which also fell 0.6 percent last month.
The Most Expensive Hospital in America
AHA President: What Hospitals Charge Rarely Reflects What They Are Paid
The Consumer Price Index for hospital spending accounts for payments from private payors and the uninsured, not including Medicare and Medicaid. The CPI for hospital spending had grown in the previous two months: 0.7 percent in February and 0.4 percent in March.
The decline is simultaneous with a similarly historic drop in hospitals' producer price index, which also fell 0.6 percent last month.
More Articles on Hospital Prices:
Price Caps for ED and Out-of-Network Care: The Next Step to Reign in Hospital Costs?The Most Expensive Hospital in America
AHA President: What Hospitals Charge Rarely Reflects What They Are Paid