It’s a necessity and we are captive buyers with little choice since lives are at stake. They know it and soak us.
Higher interest rates do not affect healthcare or pharma pricing.
@VictoriousZealousRepublican2mos2MO
The Consumer Price Index is meant to be a measure of the overall cost of living. Health care costs are, of course, a cost (and for many folks, a big one), so it's included in the index.
You're right, though, that some parts of the economy are much more sensitive to the Fed's policies than others. Interest rates have a huge effect on housing, for example, whereas oil prices are mostly driven by forces outside the Fed's control. The Fed knows this, and focuses on more interest-rate-sensitive areas when trying to see whether its policies are having an effect.
