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By Luke Kawa, Nov 11, 2015 Bloomberg
"Health inflation typically outpaces economy-wide inflation, but over the last couple of years the health sector has actually been running well below the rate of core inflation," wrote economist Alec Phillips.
The Fed uses the core personal consumption index as its primary metric for assessing the upward pressure on prices, and medical costs are a substantial factor to this metric.
These disinflationary pressures, which have been emanating primarily from the public sector, are nearly at an inflection point, Goldman says.
Phillips outlined the four policy tweaks that have weighed on this segment in recent years:
Read More: http://www.bloomberg.com
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