Medical Expenses: An Illustration


Mrs. WC’s dad was born in 1923. Mrs. WC recently came across the receipt for the medical bill for his birth. So Mrs. WC’s father, Larry, had total hospital expenses of $62.00. That’s in 1923 dollars, of course. Adjusted for inflation, it would be $887.53. But that’s not today’s price; it’s┬ánot even close. Today, the…