Inflation is driving up healthcare costs in the U.S., impacting consumers' ability to afford medical care and health insurance premiums. Click here for article.
Labor and Technology Costs: Healthcare costs rise as inflation increases wages for healthcare workers and the prices of high-tech medical equipment.
Administrative Expenses: Growing administrative costs contribute to higher healthcare expenses, often leading to increased out-of-pocket payments for policyholders.
Medication Pricing: Inflation pressures pharmaceutical companies to raise drug prices, affecting affordability and access for consumers.
Impact on Consumers: Many insured individuals struggle with affordability, often deferring necessary care or accumulating medical debt due to rising healthcare expenses.
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