Medical Economics September 28, 2023
Jonathan Moss, MBA, FHFMA

Skyrocketing out-of-pocket health care costs and unexpected medical expenses are outpacing inflationary pressures which have already decimated the budgets of many American families.

American families will soon face a large increase in health care costs driven by medical inflation combined with companies increasingly moving employees to higher deductibles and out of pocket plan designs. Health care insurance costs are expected to leap from 5.4% to 8.5% in 2024 due to medical inflation. Skyrocketing out-of-pocket (OOP) healthcare costs and unexpected medical expenses are outpacing inflationary pressures which have already decimated the budgets of many American families.

Left unchecked, inflation will cause Americans on tight budgets to make difficult choices, often resulting in patients having to avoid or delay care – exacerbating...

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