According to the U.S. Bureau of Labor Statistics, prices for medical care are 3,771.31% higher in 2026 versus 1950 (a $301,704,785.01 difference in value).
Between 1950 and 2026: Medical care experienced an average inflation rate of 4.93% per year. This rate of change indicates significant inflation. In other words, medical care costing $8,000,000 in the year 1950 would cost $309,704,785.01 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 3.48% during this same period, inflation for medical care was higher.
In the year 1950: Pricing changed by 1.85%, which is significantly below the average yearly change for medical care during the 1950-2026 time period. Compared to inflation for all items in 1950 (1.09%), inflation for medical care was higher.
Below are calculations of equivalent buying power for Medical care, over time, for $8,000,000 beginning in 1950. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1950 | $8,000,000.00 | 1.85% |
| 1951 | $8,379,272.33 | 4.74% |
| 1952 | $8,837,927.23 | 5.47% |
| 1953 | $9,151,047.41 | 3.54% |
| 1954 | $9,433,296.58 | 3.08% |
| 1955 | $9,653,803.75 | 2.34% |
| 1956 | $10,006,615.21 | 3.65% |
| 1957 | $10,416,758.54 | 4.10% |
| 1958 | $10,915,104.74 | 4.78% |
| 1959 | $11,373,759.65 | 4.20% |
| 1960 | $11,775,082.69 | 3.53% |
| 1961 | $12,132,304.30 | 3.03% |
| 1962 | $12,454,244.76 | 2.65% |
| 1963 | $12,749,724.37 | 2.37% |
| 1964 | $13,009,922.82 | 2.04% |
| 1965 | $13,327,453.14 | 2.44% |
| 1966 | $13,918,412.35 | 4.43% |
| 1967 | $14,897,464.17 | 7.03% |
| 1968 | $15,801,543.55 | 6.07% |
| 1969 | $16,895,259.10 | 6.92% |
| 1970 | $17,966,923.93 | 6.34% |
| 1971 | $19,131,201.76 | 6.48% |
| 1972 | $19,748,621.83 | 3.23% |
| 1973 | $20,511,576.63 | 3.86% |
| 1974 | $22,421,168.69 | 9.31% |
| 1975 | $25,124,586.55 | 12.06% |
| 1976 | $27,514,884.23 | 9.51% |
| 1977 | $30,143,329.66 | 9.55% |
| 1978 | $32,687,982.36 | 8.44% |
| 1979 | $35,713,340.68 | 9.26% |
| 1980 | $39,625,137.82 | 10.95% |
| 1981 | $43,885,336.27 | 10.75% |
| 1982 | $48,979,051.82 | 11.61% |
| 1983 | $53,234,840.13 | 8.69% |
| 1984 | $56,551,267.92 | 6.23% |
| 1985 | $60,074,972.44 | 6.23% |
| 1986 | $64,586,549.06 | 7.51% |
| 1987 | $68,873,208.38 | 6.64% |
| 1988 | $73,371,554.58 | 6.53% |
| 1989 | $78,985,667.03 | 7.65% |
| 1990 | $86,156,560.09 | 9.08% |
| 1991 | $93,680,264.61 | 8.73% |
| 1992 | $100,586,549.06 | 7.37% |
| 1993 | $106,588,754.13 | 5.97% |
| 1994 | $111,673,649.39 | 4.77% |
| 1995 | $116,674,751.93 | 4.48% |
| 1996 | $120,780,595.37 | 3.52% |
| 1997 | $124,145,534.73 | 2.79% |
| 1998 | $128,141,124.59 | 3.22% |
| 1999 | $132,613,009.92 | 3.49% |
| 2000 | $137,993,384.79 | 4.06% |
| 2001 | $144,348,401.32 | 4.61% |
| 2002 | $151,144,432.19 | 4.71% |
| 2003 | $157,217,199.56 | 4.02% |
| 2004 | $164,127,894.16 | 4.40% |
| 2005 | $171,056,229.33 | 4.22% |
| 2006 | $177,914,002.21 | 4.01% |
| 2007 | $185,783,594.27 | 4.42% |
| 2008 | $192,669,371.55 | 3.71% |
| 2009 | $198,780,992.28 | 3.17% |
| 2010 | $205,566,835.72 | 3.41% |
| 2011 | $211,823,153.25 | 3.04% |
| 2012 | $219,584,873.21 | 3.66% |
| 2013 | $224,988,489.53 | 2.46% |
| 2014 | $230,364,145.53 | 2.39% |
| 2015 | $236,428,886.44 | 2.63% |
| 2016 | $245,384,608.60 | 3.79% |
| 2017 | $251,548,489.53 | 2.51% |
| 2018 | $256,515,281.15 | 1.97% |
| 2019 | $263,768,908.49 | 2.83% |
| 2020 | $274,597,839.03 | 4.11% |
| 2021 | $277,985,314.22 | 1.23% |
| 2022 | $289,245,512.68 | 4.05% |
| 2023 | $290,584,873.21 | 0.46% |
| 2024 | $298,394,355.02 | 2.69% |
| 2025 | $306,889,878.72 | 2.85% |
| 2026 | $309,704,785.01 | 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 |