Health care costs propelled skyward by labor, inflation, and insurance rates

Health care - stethoscope on folded bills

There are several factors all contributing to the rising cost associated with medical services and products. Consumer prices are rising across the country, but it hasn’t been specifically determined how much higher health care costs will be headed skyward and how quickly. Product and labor costs alike have been rapidly climbing throughout the United States. With consumer prices climbing as they are, health care expenses are expected to go with them, which will send insurance rates upward in 2023 as well. According to a presentation by the Kaiser Family Foundation,…

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