Altarum’s Corey Rhyan Offers Insights to CNN on Health Care Prices and Inflation 

April 12, 2022

Altarum Senior Analyst Corwin Rhyan recently spoke with CNN’s Tami Luhby on why health care costs are not rising at rates consumers are experiencing in other areas. 

 “Gas prices have skyrocketed. Groceries and cars are more expensive. Housing costs are up. But health care charges? Not so much. While consumer prices are rising faster than they have in more than 40 years, health care inflation has remained rather muted,” writes Luhby.

“While the cost of gas and food that consumers pay can adjust quickly to national and global economic forces, health care operates differently – payment rates are typically set in advance and last a year,” she continues.

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Rhyan adds, “There’s just not a lot of flexibility for those prices to change in the near term.”  Read more: “Prices are soaring – but not for health care” 

For more insights on this topic, Rhyan contributed to Altarum's monthly Health Sector Economic Indicators briefs which analyze the most recent data available on health sector spending, prices, employment, and utilization.  The latest briefs are available here:

Altarum is a nonprofit organization that works with federal and state agencies and foundations to design and implement solutions to improve the health of individuals with fewer financial resources and populations disenfranchised by the health care system. We achieve measurable results by combining our expertise in public health and health care delivery with technology, workforce training and continuing education, applied research, and technical assistance. Our innovative solutions lead to better health for beneficiaries and better value for payers.