According to the U.S. Bureau of Labor Statistics, prices for medical care are 2,995% higher in 2026 versus 1956 (a $28,452,504.19 difference in value).
Between 1956 and 2026:Medical care experienced an average inflation rate of 5.03% per year. This rate of change indicates significant inflation. In other words, medical care costing $950,000 in the year 1956 would cost $29,402,504.19 in 2026 for an equivalent purchase. Compared to the overall inflation rate of 3.60% during this same period, inflation for medical care was higher.
In the year 1956: Pricing changed by 3.65%, which is below the average yearly change for medical care during the 1956-2026 time period. Compared to inflation for all items in 1956 (1.53%), inflation for medical care was higher.
Below are calculations of equivalent buying power for Medical care, over time, for $950,000 beginning in 1956. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 1956 | $950,000.00 | 3.65% |
| 1957 | $988,937.86 | 4.10% |
| 1958 | $1,036,249.45 | 4.78% |
| 1959 | $1,079,792.86 | 4.20% |
| 1960 | $1,117,893.35 | 3.53% |
| 1961 | $1,151,806.96 | 3.03% |
| 1962 | $1,182,371.09 | 2.65% |
| 1963 | $1,210,423.09 | 2.37% |
| 1964 | $1,235,125.61 | 2.04% |
| 1965 | $1,265,271.04 | 2.44% |
| 1966 | $1,321,375.06 | 4.43% |
| 1967 | $1,414,323.49 | 7.03% |
| 1968 | $1,500,154.25 | 6.07% |
| 1969 | $1,603,988.54 | 6.92% |
| 1970 | $1,705,729.40 | 6.34% |
| 1971 | $1,816,262.67 | 6.48% |
| 1972 | $1,874,878.80 | 3.23% |
| 1973 | $1,947,311.59 | 3.86% |
| 1974 | $2,128,602.91 | 9.31% |
| 1975 | $2,385,257.82 | 12.06% |
| 1976 | $2,612,185.99 | 9.51% |
| 1977 | $2,861,723.23 | 9.55% |
| 1978 | $3,103,305.42 | 8.44% |
| 1979 | $3,390,524.46 | 9.26% |
| 1980 | $3,761,899.52 | 10.95% |
| 1981 | $4,166,350.82 | 10.75% |
| 1982 | $4,649,933.89 | 11.61% |
| 1983 | $5,053,966.51 | 8.69% |
| 1984 | $5,368,818.86 | 6.23% |
| 1985 | $5,703,349.49 | 6.23% |
| 1986 | $6,131,665.93 | 7.51% |
| 1987 | $6,538,629.35 | 6.64% |
| 1988 | $6,965,689.73 | 6.53% |
| 1989 | $7,498,677.83 | 7.65% |
| 1990 | $8,179,462.32 | 9.08% |
| 1991 | $8,893,741.74 | 8.73% |
| 1992 | $9,549,405.02 | 7.37% |
| 1993 | $10,119,237.55 | 5.97% |
| 1994 | $10,601,983.25 | 4.77% |
| 1995 | $11,076,773.91 | 4.48% |
| 1996 | $11,466,571.18 | 3.52% |
| 1997 | $11,786,029.09 | 2.79% |
| 1998 | $12,165,359.19 | 3.22% |
| 1999 | $12,589,907.45 | 3.49% |
| 2000 | $13,100,705.16 | 4.06% |
| 2001 | $13,704,032.61 | 4.61% |
| 2002 | $14,349,228.74 | 4.71% |
| 2003 | $14,925,760.25 | 4.02% |
| 2004 | $15,581,842.22 | 4.40% |
| 2005 | $16,239,598.94 | 4.22% |
| 2006 | $16,890,656.68 | 4.01% |
| 2007 | $17,637,773.69 | 4.42% |
| 2008 | $18,291,490.08 | 3.71% |
| 2009 | $18,871,710.22 | 3.17% |
| 2010 | $19,515,939.18 | 3.41% |
| 2011 | $20,109,896.43 | 3.04% |
| 2012 | $20,846,772.37 | 3.66% |
| 2013 | $21,359,776.55 | 2.46% |
| 2014 | $21,870,126.27 | 2.39% |
| 2015 | $22,445,895.77 | 2.63% |
| 2016 | $23,296,126.93 | 3.79% |
| 2017 | $23,881,308.51 | 2.51% |
| 2018 | $24,352,841.78 | 1.97% |
| 2019 | $25,041,480.83 | 2.83% |
| 2020 | $26,069,549.14 | 4.11% |
| 2021 | $26,391,146.54 | 1.23% |
| 2022 | $27,460,158.22 | 4.05% |
| 2023 | $27,587,313.35 | 0.46% |
| 2024 | $28,328,723.67 | 2.69% |
| 2025 | $29,135,264.87 | 2.85% |
| 2026 | $29,402,504.19 | 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 |