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Trend is
how much the medical market prices are rising from year to year. It's a
dynamic measurement and always moving throughout the year.
In its simplest
form trend means what the cost of services and goods were one year ago -
is today that price plus the amount the cost have trended upward since last year. By example if trend
is running 15% this year, what you paid a dollar for one year ago will now
cost you $1.15. It's part of your renewal calculation.
View current and past Memphis medical
trend.
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