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Hospitals push for higher prices while hiding real rates from consumers

The Labor Department announced Wednesday that inflation rose by 8.3 percent over the last year, hovering near a 41-year high. American hospitals are reportedly looking to increase their prices by up to 15 percent, in line with historical trends that have seen them raise rates by roughly double the prevailing inflation rate.

Hospital prices are already outrageous, regularly throwing patients into bankruptcy and financial ruin. Significantly increasing hospitals’ prices and negotiated rates will further burden consumers — including patients, employers, and unions — contending with broader economic instability.

Higher hospital prices also punish workers who experience higher healthcare premiums. They suppress and even lower real wages as employers are forced to pass along these increased coverage costs. Karen van Caulil, CEO of an employer healthcare coalition in Florida, told the Wall Street Journal: “Most of the employers have been unable to increase the wages of their workers for years primarily because of the increasing cost of healthcare.” This wage suppression comes

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