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The Consumer Price Index (CPI) drives markets and motivates policy, but it is nothing but speculation, estimation and wild guesses. A recent “tweak” to the health insurance CPI reveals the formula is basically a scam. As I’ve emphasized over and over, the CPI generally understates rising prices. The formula is designed to do so, and in […]
The post The CPI Scam — Health Insurance Version first appeared on SchiffGold.