Could malpractice reform save the U.S. health care system? A new essay in the journal Health Affairs proposes that tackling tort reform on the federal level could convince doctors to agree to bigger changes in the U.S. health care system. Photo illustration by DNY59. Itâs a scenario most people have considered at least once. Patient A is hoisted onto Dr. Bâs operating table.
Since the founding of the United States in 1776 the highest year-over-year inflation rate observed was 29.78% in 1778. Inflation is calculated using the yearly change in the consumer price index (CPI), which was first introduced in 1913. CPI data before 1913 is estimated using a variety of methods and sources. Since the introduction of the CPI, the highest inflation rate observed was 19.66% in 1917. Year-over-year inflation is calculated by subtracting the value of the CPI at the beginning of the year, and subtracting the value at the end of year.
Both the teens and the 1970's had huge annual inflation rates. The teens (beginning in 1913 when the U.S. government formed the Federal Reserve and began tracking inflation) averaged almost 10% a year and the 1970's averaged just over 7% a year.