Healthcare

Physician Service Prices Rise Faster than Inflation

Prices paid for physician services has grown faster than inflation in the economy for the fourth month in a row, according to American Medical News.

The report, released by the U.S. Bureau of Labor Statistics, revealed the growth pattern after a 14-month streak in which physician services inflation was below the overall rate.

Physician service prices went up 2.9 percent for the one-year period ending in September, while general inflation was 2 percent. In August, the annual increase in physician services was 2.5 percent, and the overall economy saw inflation of 1.7 percent.

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