Annual change in Consumer Price Index for All Urban Consumers (CPI-U), July 2001 - July 20224 All goods and services Medical care 8.3% 8.0% 6.0% 5.7% 5.4% 5.2% 4.8% 4.7% 4.2% 3.9% 4.1% 4.0% 4.1% 3.9% 4.0% 3.7% 3.6% 3.7% 3.4% 3.5% 3.5% 3.2% 3.0% 3.0% 2.9% 2.3% 2.4% 2.2% 2.4% 2.3% 2.3% 2.4% 2.0% 1.7% 2.0% 1.9%1.9% 2.0% 1.8% 1.9% 1.8% 1.2% 1.3% 0.7% 0.7% 0.4% 0.0% 0.1% -2.0% - 2.0% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 With the potential of an economic recession and the continued rippling e昀昀ects of the COVID-19 pandemic, the challenge employers face in understanding and estimating the cost of their employee bene昀椀ts programs continues to prove di昀케cult. The future of health care law is in no way set in stone. The best course of action is to stay updated and understand how current legislation at both state and federal levels will a昀昀ect businesses and what health care plans will o昀昀er as solutions to support them. 2023 Benefits Trends: The evolving workplace 84