The BLS should fire everyone involved in their insurance calculations. They're completely broken. According to CPI data insurance is cheaper now than it was in 2019 which is ludicrous. But that's the official CPI data you see in the news!

https://twitter.com/EricLevitz/status/1729540178576912499

So, it seems that the CPI insurance price measure is fairly idiosyncratic and does not reflect what consumers actually pay for coverage. Which helps explain the discrepancy between this figure and the trajectory of my own premiums

https://twitter.com/EricLevitz/status/1729572454333378973

Last CPI reading showed insurance costs -34% YoY when they are actually something like +7%. This madness accounted for more than 100% of the CPI "beat."

https://pbs.twimg.com/media/GACPm_WWYAE_HPR?format=jpg&name=large

I FREAKING LOVE THE PRECISE SCIENCE OF ECONOMICS

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[–] impiri@lemm.ee 10 points 2 years ago* (last edited 2 years ago)

Everything related to American healthcare depends on the complete inability of anyone to ever comprehend how much anything costs at any given time

[–] plinky@hexbear.net 8 points 2 years ago

Vibes based inflation

[–] Parsani@hexbear.net 5 points 2 years ago

I read an essay about this recently. I thought it was Michael Roberts or Naked Capitalism, but I can't find it now.

Definitely a bit suspect