The Peterson Kaiser Family Foundation (KFF) Health System Tracker report found that health insurance prices rose faster than other healthcare categories, but overall price increases across all products and services. , breaking the normal pattern.
Researchers used the Bureau of Labor Statistics (BLS) to assess overall prices for medical supplies, goods and services. BLS aggregates the Consumer Price Index (CPI) and the Producer Price Index (PPI).
Inflation drives up overall prices. It has also led to a role reversal in healthcare spending and rising prices in general.
The Peterson Kaiser Family Foundation (KFF) Health System Tracker report found that health insurance prices rose faster than other healthcare categories, but overall price increases across all products and services. , breaking the normal pattern.
Researchers used the Bureau of Labor Statistics (BLS) to assess overall prices for medical supplies, goods and services. BLS aggregates the Consumer Price Index (CPI) and the Producer Price Index (PPI).
Inflation drives up overall prices. It has also led to a role reversal in healthcare spending and rising prices in general.
The researchers weren’t surprised by this increase. Experts expected premiums to rise by 5-10% due to rising medical costs and rising claims. Employers also pointed to inflation and workload, as well as the lingering impact of the new coronavirus pandemic, as reasons for higher employer-paid health insurance premiums.
These rises were expected, but it is unclear whether the economy’s rising prices will push up healthcare costs.
