According to the U.S. Bureau of Labor Statistics, prices for medical care are 3,771.31% higher in 2026 versus 1950 (a $36,958,836.16 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 $980,000 in the year 1950 would cost $37,938,836.16 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 $980,000 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 | $980,000.00 | 1.85% |
| 1951 | $1,026,460.86 | 4.74% |
| 1952 | $1,082,646.09 | 5.47% |
| 1953 | $1,121,003.31 | 3.54% |
| 1954 | $1,155,578.83 | 3.08% |
| 1955 | $1,182,590.96 | 2.34% |
| 1956 | $1,225,810.36 | 3.65% |
| 1957 | $1,276,052.92 | 4.10% |
| 1958 | $1,337,100.33 | 4.78% |
| 1959 | $1,393,285.56 | 4.20% |
| 1960 | $1,442,447.63 | 3.53% |
| 1961 | $1,486,207.28 | 3.03% |
| 1962 | $1,525,644.98 | 2.65% |
| 1963 | $1,561,841.23 | 2.37% |
| 1964 | $1,593,715.55 | 2.04% |
| 1965 | $1,632,613.01 | 2.44% |
| 1966 | $1,705,005.51 | 4.43% |
| 1967 | $1,824,939.36 | 7.03% |
| 1968 | $1,935,689.08 | 6.07% |
| 1969 | $2,069,669.24 | 6.92% |
| 1970 | $2,200,948.18 | 6.34% |
| 1971 | $2,343,572.22 | 6.48% |
| 1972 | $2,419,206.17 | 3.23% |
| 1973 | $2,512,668.14 | 3.86% |
| 1974 | $2,746,593.16 | 9.31% |
| 1975 | $3,077,761.85 | 12.06% |
| 1976 | $3,370,573.32 | 9.51% |
| 1977 | $3,692,557.88 | 9.55% |
| 1978 | $4,004,277.84 | 8.44% |
| 1979 | $4,374,884.23 | 9.26% |
| 1980 | $4,854,079.38 | 10.95% |
| 1981 | $5,375,953.69 | 10.75% |
| 1982 | $5,999,933.85 | 11.61% |
| 1983 | $6,521,267.92 | 8.69% |
| 1984 | $6,927,530.32 | 6.23% |
| 1985 | $7,359,184.12 | 6.23% |
| 1986 | $7,911,852.26 | 7.51% |
| 1987 | $8,436,968.03 | 6.64% |
| 1988 | $8,988,015.44 | 6.53% |
| 1989 | $9,675,744.21 | 7.65% |
| 1990 | $10,554,178.61 | 9.08% |
| 1991 | $11,475,832.41 | 8.73% |
| 1992 | $12,321,852.26 | 7.37% |
| 1993 | $13,057,122.38 | 5.97% |
| 1994 | $13,680,022.05 | 4.77% |
| 1995 | $14,292,657.11 | 4.48% |
| 1996 | $14,795,622.93 | 3.52% |
| 1997 | $15,207,828.00 | 2.79% |
| 1998 | $15,697,287.76 | 3.22% |
| 1999 | $16,245,093.72 | 3.49% |
| 2000 | $16,904,189.64 | 4.06% |
| 2001 | $17,682,679.16 | 4.61% |
| 2002 | $18,515,192.94 | 4.71% |
| 2003 | $19,259,106.95 | 4.02% |
| 2004 | $20,105,667.03 | 4.40% |
| 2005 | $20,954,388.09 | 4.22% |
| 2006 | $21,794,465.27 | 4.01% |
| 2007 | $22,758,490.30 | 4.42% |
| 2008 | $23,601,998.02 | 3.71% |
| 2009 | $24,350,671.55 | 3.17% |
| 2010 | $25,181,937.38 | 3.41% |
| 2011 | $25,948,336.27 | 3.04% |
| 2012 | $26,899,146.97 | 3.66% |
| 2013 | $27,561,089.97 | 2.46% |
| 2014 | $28,219,607.83 | 2.39% |
| 2015 | $28,962,538.59 | 2.63% |
| 2016 | $30,059,614.55 | 3.79% |
| 2017 | $30,814,689.97 | 2.51% |
| 2018 | $31,423,121.94 | 1.97% |
| 2019 | $32,311,691.29 | 2.83% |
| 2020 | $33,638,235.28 | 4.11% |
| 2021 | $34,053,200.99 | 1.23% |
| 2022 | $35,432,575.30 | 4.05% |
| 2023 | $35,596,646.97 | 0.46% |
| 2024 | $36,553,308.49 | 2.69% |
| 2025 | $37,594,010.14 | 2.85% |
| 2026 | $37,938,836.16 | 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 |