As the 2022 midterm elections approach, inflation and gasoline prices are top of mind for voters. While health care prices have often risen faster than the rest of the economy, prices for medical services are typically fixed in advance – often tied to the calendar year – creating a lag between wage increases and costs due to inflation and prices of medical services.
Inflation pressures are considerable, affecting providers, insurers, government programs such as Medicaid and Medicare, and ultimately the American people. Over the next few months, health care providers and insurers will conclude price negotiations and set premiums for next year. Amid these negotiations, big questions remain about how economic policy and legislation such as the Curbing Inflation Act will influence the pricing and payment of insurance and health care, including drugs. prescription, and who will bear the brunt of rising costs.
KFF’s virtual conversation series, The Health Wonk Shop, features conversations with experts, diving into topical health policy issues for deeper discussion beyond the headlines and answering questions from viewers on Zoom .
- larry LevittExecutive Vice President for Health Policy, KFF
- Cynthia CoxVice President and Program Manager on ACA, KFF
- Corey RhianSenior Health Economics and Policy Analyst, Altarum
- Suzie DesaiSenior Director and Sector Head of US Nonprofit Healthcare Group, S&P Global Ratings