NCCI: Medical Inflation Softens in 3rd Quarter

The National Council on Compensation Insurance said that after several years of ignoring broader economic patterns, medical inflation in the third quarter followed the softening trend in overall inflation. The softening in medical inflation spread across multiple subcomponents, including physical care, hospital care, medical equipment and prescription drugs, according to NCCI's Medical Inflation Insights for October. NCCI compiles the medical cost components from the Producer Price Index and Consumer Price Index and reweighs them to more accurately reflect the mix of spending in work com...