Healthcare spending declines for first time in 60 years
According to data from the American Hospital Association, health systems have experienced surging labor costs [and rising costs for] drugs, supplies, equipment, and other vital resources since the COVID-19 pandemic. Rising costs are illustrated with the 19.1 percent rise in labor expenses from 2019 to 2021, supply costs increasing 21 percent per patient overall, median drug costs up 37 percent per patient, and intensive care unit supply costs up 32 percent per patient.