The cost of medical care is surging again after lull during the pandemic -- and adding tinder to the high inflation already burning up the U.S. economy.
The cost of medical care is surging again after lull during the pandemic — and adding tinder to the high inflation already burning up the U.S. economy.
Medical expenses have been one of the biggest contributors to U.S. inflation for decades. Yet prices almost flatlined during the pandemic as people avoided hospitals and doctors and nurses focused mostly on coronavirus patients. Rising medical expenses could make it harder for the Federal Reserve to slow inflation since these costs are harder to reverse.
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