Hospital price increases since 2000 outpaced inflation by more than double, Baker Institute report says
October 21, 2024
October 21, 2024
HOUSTON, Texas, Oct. 21 -- Rice University issued the following news release:
Hospital service prices surged more than 220% between 2000 and 2022, according to a report from Rice University's Baker Institute for Public Policy. While hospitals attribute rising prices to increased operating costs particularly due to labor shortages from the pandemic evidence shows that hospital prices have consistently risen faster than other medical services since 2006, according to the authors.
Hospital service prices surged more than 220% between 2000 and 2022, according to a report from Rice University's Baker Institute for Public Policy. While hospitals attribute rising prices to increased operating costs particularly due to labor shortages from the pandemic evidence shows that hospital prices have consistently risen faster than other medical services since 2006, according to the authors.