Authors: Sean P Escoffery, Bernard F Pettingill.
Recent data from the Bureau of Labor Statistics (BLS) reveal a significant shift in hospital and related medical service costs during 2024, marking a return to historically higher growth rates for medical inflation. This paper examines the implications of this trend for forensic economists and accountants, particularly for damage calculations in catastrophic personal injury cases. Through an analysis of both long-term patterns (2001–2024) and more recent data (2023–2024), we offer practical guidance for addressing these evolving conditions.
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