According to the U.S. Bureau of Labor Statistics, prices for medical care are 4,221.57% higher in 2026 versus 1947 (a $30,395,325.05 difference in value).
Between 1947 and 2026: Medical care experienced an average inflation rate of 4.88% per year. This rate of change indicates significant inflation. In other words, medical care costing $720,000 in the year 1947 would cost $31,115,325.05 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 3.44% during this same period, inflation for medical care was higher.
In the year 1947: Pricing changed by 9.13%, which is significantly above the average yearly change for medical care during the 1947-2026 time period. Compared to inflation for all items in 1947 (14.39%), inflation for medical care was much lower.
Below are calculations of equivalent buying power for Medical care, over time, for $720,000 beginning in 1947. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1947 | $720,000.00 | 9.13% |
| 1948 | $764,307.69 | 6.15% |
| 1949 | $789,120.00 | 3.25% |
| 1950 | $803,741.54 | 1.85% |
| 1951 | $841,846.15 | 4.74% |
| 1952 | $887,926.15 | 5.47% |
| 1953 | $919,384.62 | 3.54% |
| 1954 | $947,741.54 | 3.08% |
| 1955 | $969,895.38 | 2.34% |
| 1956 | $1,005,341.54 | 3.65% |
| 1957 | $1,046,547.69 | 4.10% |
| 1958 | $1,096,615.38 | 4.78% |
| 1959 | $1,142,695.38 | 4.20% |
| 1960 | $1,183,015.38 | 3.53% |
| 1961 | $1,218,904.62 | 3.03% |
| 1962 | $1,251,249.23 | 2.65% |
| 1963 | $1,280,935.38 | 2.37% |
| 1964 | $1,307,076.92 | 2.04% |
| 1965 | $1,338,978.46 | 2.44% |
| 1966 | $1,398,350.77 | 4.43% |
| 1967 | $1,496,713.85 | 7.03% |
| 1968 | $1,587,544.62 | 6.07% |
| 1969 | $1,697,427.69 | 6.92% |
| 1970 | $1,805,095.38 | 6.34% |
| 1971 | $1,922,067.69 | 6.48% |
| 1972 | $1,984,098.46 | 3.23% |
| 1973 | $2,060,750.77 | 3.86% |
| 1974 | $2,252,603.08 | 9.31% |
| 1975 | $2,524,209.23 | 12.06% |
| 1976 | $2,764,356.92 | 9.51% |
| 1977 | $3,028,430.77 | 9.55% |
| 1978 | $3,284,086.15 | 8.44% |
| 1979 | $3,588,036.92 | 9.26% |
| 1980 | $3,981,046.15 | 10.95% |
| 1981 | $4,409,058.46 | 10.75% |
| 1982 | $4,920,812.31 | 11.61% |
| 1983 | $5,348,381.54 | 8.69% |
| 1984 | $5,681,575.38 | 6.23% |
| 1985 | $6,035,593.85 | 6.23% |
| 1986 | $6,488,861.54 | 7.51% |
| 1987 | $6,919,532.31 | 6.64% |
| 1988 | $7,371,470.77 | 6.53% |
| 1989 | $7,935,507.69 | 7.65% |
| 1990 | $8,655,950.77 | 9.08% |
| 1991 | $9,411,840.00 | 8.73% |
| 1992 | $10,105,698.46 | 7.37% |
| 1993 | $10,708,726.15 | 5.97% |
| 1994 | $11,219,593.85 | 4.77% |
| 1995 | $11,722,043.08 | 4.48% |
| 1996 | $12,134,547.69 | 3.52% |
| 1997 | $12,472,615.38 | 2.79% |
| 1998 | $12,874,043.08 | 3.22% |
| 1999 | $13,323,323.08 | 3.49% |
| 2000 | $13,863,876.92 | 4.06% |
| 2001 | $14,502,350.77 | 4.61% |
| 2002 | $15,185,132.31 | 4.71% |
| 2003 | $15,795,249.23 | 4.02% |
| 2004 | $16,489,550.77 | 4.40% |
| 2005 | $17,185,624.62 | 4.22% |
| 2006 | $17,874,609.23 | 4.01% |
| 2007 | $18,665,248.98 | 4.42% |
| 2008 | $19,357,047.14 | 3.71% |
| 2009 | $19,971,067.57 | 3.17% |
| 2010 | $20,652,825.60 | 3.41% |
| 2011 | $21,281,383.38 | 3.04% |
| 2012 | $22,061,185.48 | 3.66% |
| 2013 | $22,604,074.34 | 2.46% |
| 2014 | $23,144,154.09 | 2.39% |
| 2015 | $23,753,464.62 | 2.63% |
| 2016 | $24,653,225.35 | 3.79% |
| 2017 | $25,272,496.25 | 2.51% |
| 2018 | $25,771,498.34 | 1.97% |
| 2019 | $26,500,253.54 | 2.83% |
| 2020 | $27,588,211.20 | 4.11% |
| 2021 | $27,928,543.02 | 1.23% |
| 2022 | $29,059,829.17 | 4.05% |
| 2023 | $29,194,391.63 | 0.46% |
| 2024 | $29,978,992.25 | 2.69% |
| 2025 | $30,832,517.91 | 2.85% |
| 2026 | $31,115,325.05 | 0.92%* |
* 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 Medical care:
| Year | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
| CPI | 10.200 | 10.200 | 10.283 | 10.300 | 10.358 | 10.350 | 10.408 | 10.683 | 11.192 | 11.525 | 11.850 | 12.408 | 13.542 | 14.375 | 14.842 | 15.117 | 15.833 | 16.700 | 17.292 | 17.825 | 18.242 | 18.908 | 19.683 | 20.625 | 21.492 | 22.250 | 22.925 | 23.533 | 24.092 | 24.583 | 25.183 | 26.300 | 28.150 | 29.858 | 31.925 | 33.950 | 36.150 | 37.317 | 38.758 | 42.367 | 47.475 | 51.992 | 56.958 | 61.767 | 67.483 | 74.875 | 82.925 | 92.550 | 100.592 | 106.858 | 113.517 | 122.042 | 130.142 | 138.642 | 149.250 | 162.800 | 177.017 | 190.067 | 201.408 | 211.017 | 220.467 | 228.225 | 234.583 | 242.133 | 250.583 | 260.750 | 272.758 | 285.600 | 297.075 | 310.133 | 323.225 | 336.183 | 351.054 | 364.065 | 375.613 | 388.436 | 400.257 | 414.924 | 425.134 | 435.292 | 446.752 | 463.675 | 475.322 | 484.707 | 498.413 | 518.875 | 525.276 | 546.553 | 549.084 | 563.841 | 579.894 | 585.213 |