In 2024, inflation is expected to have a significant impact on healthcare costs. As prices for medical supplies, equipment, and pharmaceuticals rise, healthcare providers may be forced to pass these increased costs on to patients. For example, the price of prescription drugs may increase due to inflation, making it more expensive for individuals to manage chronic conditions.

Additionally, inflation can also affect the cost of medical services. As the overall cost of living rises, healthcare professionals may demand higher wages, leading to increased costs for routine check-ups, surgeries, and other medical procedures.

References:

• Health Affairs - The Impact of Inflation on Health Care Costs
• National Center for Biotechnology Information - Inflation and Healthcare Costs