frozen yogurt in a small bowl is now $13

Measured w same methodology as European inflation, US core PCE is currently under 2%.

Price levels absolutely are brutal. Even during Volkers reign price levels were up close to 60%.

Inflation is slowing quite quickly and we're likely headed for a disinflationary recession.

Anyone wanna guess what a 45 minute visit to the ER for no tests and 4 staples cost us* tonight?

Medical costs were cartoonishly high already. But think they've dramatically outpaced 19%

BenTheGoodAg said:

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Anyone wanna guess what a 45 minute visit to the ER for no tests and 4 staples cost us* tonight?

Medical costs were cartoonishly high already. But think they've dramatically outpaced 19%

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Enough that you're probably thinking next time a trip to Walmart for a staple gun is worth a shot first.

BenTheGoodAg said:

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Anyone wanna guess what a 45 minute visit to the ER for no tests and 4 staples cost us* tonight?

Medical costs were cartoonishly high already. But think they've dramatically outpaced 19%

---

$1,500?

Other half visited the in-network ENT earlier this week. 40 min visit to hear them say she probably needs an outpatient surgery and to remove wax from one of her ears.

$980.

Gah, that's the truth.

They said we owed 10% tonight, so $1050 of our $10,500 bill. Of course there will be some insurance processing and we won't pay that amount in the end on this one visit. But ****, that's criminal.

And that's just the hospitals fee. Doesn't include whatever else they try to slip in there.

BenTheGoodAg said:

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Gah, that's the truth.

They said we owed 10% tonight, so $1050 of our $10,500 bill. Of course there will be some insurance processing and we won't pay that amount in the end on this one visit. But ****, that's criminal.

And that's just the hospitals fee. Doesn't include whatever else they try to slip in there.

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And still, I don't know the hospital you went to , but there is a good chance that it is struggling financially.

Your outrageous bill helps makes up for the losses that the hospital is sucking up on medicare/medicaid/uninsured patients. 10 million or so illegal immigrants over the past few years don't really help much either.

BenTheGoodAg said:

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Anyone wanna guess what a 45 minute visit to the ER for no tests and 4 staples cost us* tonight?

Medical costs were cartoonishly high already. But think they've dramatically outpaced 19%

---

That cost me around $900 with insurance in College station back in 2017

I had a 30 min colonoscopy procedure; two doctors and three nurses. Hospital billed $8200.
Medicare and I paid a total of $335. None of these numbers make sense. Explanation was "contracts."

We hit the 9K out of pocket max every year. Get put on an expensive drug or treatment and what you pay for anything is irrelevant. Gonna hit max out of pocket every, single, year

Some times the drug company pays some or all of the out of pocket max on our behalf but there's no way to know till January so you gotta plan for it

BenTheGoodAg said:

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Anyone wanna guess what a 45 minute visit to the ER for no tests and 4 staples cost us* tonight?

Medical costs were cartoonishly high already. But think they've dramatically outpaced 19%

---

My sense is the ER is going to try to charge at least what is remaining on your deductible.

At least 30% for me.

3.4%? People believe this?

https://www.bls.gov/news.release/cpi.nr0.htm

Deflationary period Based on what?

Went to CFA with my 2 adult kids and spent $40 on 3 meals. That's crazy!

McDonalds exec on CNBC today stating their prices have had to increase 40% since 2019

halfastros81 said:

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Deflationary period Based on what?

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Deflation is possible I suppose in the realm of maybes....but I highly doubt it.

Disinflation, when I posted at the time, is the trend I thought we'd stay on. Following the Truflation metric, last April we were just under 5% and at the time I posted, 2.5% - It looked like we were going lower but the trend has flattened for all of May implying stagflation. The relative strength of the job market had been something the Fed could hide behind on their rate prognostications (Powell doesn't want to cut in my opinion). Powell essentially drew a line in the sand of 4% UE where he said he would look at easing if we hit that mark. Unless a whole lot more people drop out of the labor market, we're going to get to 4% pretty soon as far as I can tell.

Then, we'll have to see if the job losses are more disinflationary than the Fed stimulus response (rate cuts).