Health insurance inflation hits highest point in 5 years

The cost of health insurance increased more in April than in any month in the last five years.

The Consumer Price Index for health insurance spiked 10.7% in April over the previous 12 months—the largest increase since at least April 2014, according to a Modern Healthcare analysis of the U.S. Bureau of Labor Statistics’ unadjusted monthly consumer price index data.

In contrast, the other categories that make up the medical care services index—professional services and hospital and related services—rose 0.4% and 1.4% in April, respectively. The CPI for medical care services in April rose 2.3%, while overall inflation increased 2% year over year.