Study: Medical Technology Spending Increasing Slowly Against Medical CPI

A study released July 14 by an industry group said the prices for medical technology have risen slowly for the last two decades—at a rate less than half that of overall prices in the economy and less than one-quarter the rate of prices for other medical goods and services.

Device and diagnostic prices have increased at an average annual rate of 1.0 percent, compared with the Consumer Price Index (CPI) increase of 2.8 percent, the Medical Care CPI (MCPI) increase of 4.7 percent, and the Medical Care Services CPI increase of 5.0 percent, said the study, released by the Advanced ...