Thanks, sdrealtor for the correction. An employee who has to pay his own insurance, would not get the tax deduction though. In any case, I would venture that health insurance makes up at least 5% of the median worker’s expenses, and its weighting at .1% is inaccurate of a person’s actual costs.
This is why I stand by my assertion that it is useless, because its mission, to track the price changes of a consumer’s basket of goods, is not fulfilled by the manner in which they do it. We have to agree to disagree. I will not respond to any further debates on this, unless someone brings in a meaningful argument about how the CPI tracks the expenses that a typical American incurs.
