DALLAS (KRLD) — If you think inflation is hitting you hard at the grocery store and gas pump, wait until the next time you go to the doctor. The inflationary squeeze of health care is even worse.
A new study from HealthView Services projects health care inflation will remain elevated at an annual rate of 11.9% over the next two years. And while other types of inflation eventually will come down, higher health care prices likely will not.
Paul Seegert is the managing partner at PCS Advisers, a leading health benefits consulting firm with offices across the U.S. Seegert said health care is unique, in that once prices rise during inflationary times, the higher costs tend to become the new "floor" for the industry.
Seegert said soaring health care inflation is not just a concern for consumers, but it is also causing many businesses to make tough decisions on providing coverage for their employees. He talked with KRLD's Chris Sommer.
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