Health insurance priced at $20 in 2019→$19.51 in 2023

Health Insurance Inflation Calculator

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Prices for Health Insurance, 2019-2023 ($20)

According to the U.S. Bureau of Labor Statistics, prices for health insurance were 2.47% lower in 2023 versus 2019 (a $0.49 difference in value).

Between 2019 and 2023, Health insurance experienced an average inflation rate of -0.62% per year. In other words, health insurance costing $20 in the year 2019 would cost $19.51 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 4.49% during this same period, inflation for health insurance was significantly lower.

In the year 2019: Pricing changed by 14.54%, which is significantly above the average yearly change for health insurance during the 2019-2023 time period. Compared to inflation for all items in 2019 (1.81%), inflation for health insurance was much higher.

Price Inflation for Health insurance since 2005

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2023 (-22.78%), 2020 (15.86%), and 2019 (14.54%).

The official rate is based on an average household's spending, so your own inflation rate is probably different. The personal inflation calculator works it out from your budget.

View price changes for other categories
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Buying power of $20.00 since 2019

Below are calculations of equivalent buying power for Health insurance, over time, for $20 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2019$20.0014.54%
2020$23.1715.86%
2021$22.17-4.34%
2022$25.2613.97%
2023$19.51-22.78%
2024$18.42-5.59%
2025$18.993.10%
2026$17.77-6.40%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Health insurance:

Year2005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
CPI100.000103.092113.520114.221110.527106.627105.484118.280122.973122.108123.567131.774133.947135.463155.160179.771171.968195.988151.335142.869147.303137.878

Adjust health insurance prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2019* 2019 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Health insurance was 155.160 in the year 2019 and 151.335 in 2023:

151.335 / 155.160* $20 = $19.51

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2019 has the same "purchasing power" as $19.51 in 2023 (in the CPI category of Health insurance).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Health insurance in 2005. In addition to health insurance, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.