MedPage Today January 8, 2025
— It’s high time to address workplace issues and workforce shortages
With U.S. healthcare costs on track to make up one-fifth of the economy by 2031, and increases in healthcare spending consistently higher than GDP growth, healthcare consumers are increasingly facing effects of “shrinkflation.” For readers who are unfamiliar, shrinkflation in economics refers to the process of items shrinking in size or quantity while the prices remain the same or go slightly higher. This can apply to any product or sector — including healthcare.
An Axios article titled, “Health shrinkflation: Patients wait more for less,” notes how the U.S. spends more on healthcare than almost any other nation, and patients are paying more and more, in order to get less...
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