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Hospital service prices increased by more than 220% between 2000 and 2022, which was more than twice the rate of inflation and that of other medical services.
"Hospitals often justify their price increases by citing higher expenses due to labor shortages in the health care workforce resulting from the pandemic," according to a report from Rice University's Baker Institute for Public Policy. "However, hospital prices have been rising faster than those for other medical services long before the COVID-19 pandemic's beginning in 2020."
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