Employers, patients or taxpayers could be on the hook for hundreds of billions of dollars in additional health spending if providers and insurers successfully shift those inflation-driven costs, according to a recent McKinsey analysis.
Employers, patients or taxpayers could be on the hook for hundreds of billions of dollars in additional health spending if providers and insurers successfully shift those inflation-driven costs, according toThe health care sector's profits are severely at risk, per the analysis. But key players could yet dodge the bullet coming their way.The analysis predicts a $370 billion increase in U.S. health expenses by 2027, thanks to rising labor and supply costs.
McKinsey also surveyed health care leaders, who reported an expected drop in margins between 25 and 75%. This "could necessitate drastic responses," per the analysis.These rising costs will initially be borne by providers. It will likely take years for them to shift costs to commercial insurers or the government through contract negotiations or changes to federal reimbursement.increased costs to employers, who will then have to decide whether to pass along the costs to workers.
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