The price of medical care services rose 0.5 percent in May, including a 0.6 percent increase in hospital services. By contrast, the price of medical care commodities—largely drug prices—was unchanged. A 0.8 percent increase in health insurance prices brought the 12-month change to 13 percent. The increase over the past year follows a multi-year slide, and over the past five years, insurance prices are up only 2.3 percent. Health insurance prices have grown at a 2.3 percent annualized rate since December 2005.
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