{"id":503459,"date":"2022-10-24T22:40:00","date_gmt":"2022-10-24T19:40:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/prepare-for-this-largely-unforeseen-inflation-impact-next-year-analysts-warn\/"},"modified":"2022-10-24T22:40:00","modified_gmt":"2022-10-24T19:40:00","slug":"prepare-for-this-largely-unforeseen-inflation-impact-next-year-analysts-warn","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/prepare-for-this-largely-unforeseen-inflation-impact-next-year-analysts-warn\/","title":{"rendered":"#: Prepare for this largely unforeseen inflation impact next year, analysts warn"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a42f73f3cc9e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a42f73f3cc9e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/prepare-for-this-largely-unforeseen-inflation-impact-next-year-analysts-warn\/#%E2%80%9C_Prepare_for_this_largely_unforeseen_inflation_impact_next_year_analysts_warn%E2%80%9D\" >&#8220;: Prepare for this largely unforeseen inflation impact next year, analysts warn&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/prepare-for-this-largely-unforeseen-inflation-impact-next-year-analysts-warn\/#When_it_comes_to_healthcare_spending_%E2%80%98consumers_can_only_really_choose_between_paying_up_or_walking_away_one_analyst_told_MarketWatch\" >When it comes to healthcare spending, &#8216;consumers can only really choose between paying up or walking away,&#8217; one analyst told MarketWatch<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/prepare-for-this-largely-unforeseen-inflation-impact-next-year-analysts-warn\/#Zoe_Han\" >Zoe Han<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9C_Prepare_for_this_largely_unforeseen_inflation_impact_next_year_analysts_warn%E2%80%9D\"><\/span>&#8220;: Prepare for this largely unforeseen inflation impact next year, analysts warn&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"When_it_comes_to_healthcare_spending_%E2%80%98consumers_can_only_really_choose_between_paying_up_or_walking_away_one_analyst_told_MarketWatch\"><\/span>\n  When it comes to healthcare spending, &#8216;consumers can only really choose between paying up or walking away,&#8217; one analyst told MarketWatch<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap crawler\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0001291355\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0001291355\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Sometimes it takes time for certain aspects of inflation to have an impact.<\/p>\n<p> Higher costs in healthcare is one such aspect, analysts say. Healthcare providers, insurance companies and employers meet regularly to make decisions about copays, premiums and prices ahead of the following year\u2019s open enrollment.\u00a0<\/p>\n<div class=\"paywall\">\n       \u201cIf you signed up for a health-insurance plan during open enrollment last year, those rates were set before all the inflation data was available,\u201d Aneesh Krishna, analyst and partner at global management consulting firm McKinsey &amp; Co., told MarketWatch.<\/p>\n<p>Expect those rates to change, analysts told MarketWatch. In September, the cost of healthcare services increased 6.5% over last year. Although this was below the overall rate of inflation of 8.2%, it still represented the highest annual jump since 1993, according to government data released this month. \u00a0<\/p>\n<p>Hospital services and nursing-home costs rose 4%, while the cost of physicians\u2019 services rose 1.8% year-over-year in September. Inpatient and outpatient hospital services increased by 3.9% and 3.4%, respectively, compared with last year.\u00a0<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetPullQuote\n            inline\n    scope-web|mobileapps\n  article__inset\n          article__inset--type-InsetPullQuote\n            article__inset--inline\n  \"><\/p>\n<div class=\"wsj-article-pullquote article__inset__pullquote \">\n<p class=\"pullquote-content article__inset__pullquote__quote\">\n        <span class=\"l-qt article__inset__pullquote__mark--left\">\u201c<\/span>\u2018If you signed up for a health-insurance plan during open enrollment last year, those rates were set before all the inflation data was available.\u2019<span class=\"r-qt article__inset__pullquote__mark--right\">\u201d<\/span><\/p>\n<p>        <small><br \/>\n          <span class=\"inset-author article__inset__pullquote__author\">\u2014 Aneesh Krishna, analyst and partner at McKinsey &amp; Co.<\/span><br \/>\n        <\/small><\/p><\/div>\n<\/p><\/div>\n<p>       <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.verywellhealth.com\/what-is-open-enrollment-1738755\" class=\"icon none\">Open enrollment<\/a> refers to the time window when people can sign up for health insurance or make adjustments to their current plan, whether through their employer, Medicare or the Affordable Care Act marketplace. <\/p>\n<p> When the 2022 Medicare open-enrollment period began in October 2021, inflation in the U.S. was 6.2% year-over-year. The Consumer Price Index hit 8.2% last year.<\/p>\n<p>Health-insurance costs also rose 28.2% in September compared with a year ago and increased 2.1% month-over-month, according to the CPI data.\u00a0Yet the prices for various categories of medical care did not change much, as consumers pay only a fraction of the increased amount of those services through their copays. <\/p>\n<p>But price increases for healthcare are likely in the cards for next year, said Kayla Bruun, economic analyst at global decision intelligence company Morning Consult.\u00a0 \u201cConsumers can only really choose between paying up or walking away,\u201d she said.<\/p>\n<p>In fact, insurers are already seeking steeper premiums for 2023. Early rate filings for 2023 Affordable Care Act marketplace plans show that insurers are seeking proposed <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>n increases of 10%, according to a Kaiser Family Foundation analysis of filings in 13 states and Washington, D.C.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetPullQuote\n            inline\n    scope-web|mobileapps\n  article__inset\n          article__inset--type-InsetPullQuote\n            article__inset--inline\n  \"><\/p>\n<div class=\"wsj-article-pullquote article__inset__pullquote \">\n<p class=\"pullquote-content article__inset__pullquote__quote\">\n        <span class=\"l-qt article__inset__pullquote__mark--left\">\u201c<\/span>Early rate filings for 2023 Affordable Care Act marketplace  insurance plans suggest that health insurers are seeking proposed median increases of 10%.<span class=\"r-qt article__inset__pullquote__mark--right\">\u201d<\/span><\/p><\/div>\n<\/p><\/div>\n<p>       The hospital system is also under pressure. More than half of nurses said their workplace suffered from a severe staffing shortage, while 99% report a staffing shortage of some sort, according to the ShiftMed Annual State of Nursing report released last month.\u00a0<\/p>\n<p>As more contracts come up for renewal, hospitals will likely want to pass along the costs, Krishna said, but employers and health plans probably won\u2019t be able to shoulder those costs.\u00a0The healthcare system has a chance to address the challenges of higher costs by improving productivity, he added.<\/p>\n<p>Still, the effect could be more subtle than straightforward price hikes, Krishna said, with increased costs meaning that employers may cut back on healthcare benefits. When employers\u2019 healthcare plans cost 4% to 5% more this year than last, he said, \u201cthey start thinking about how can they cut down benefits.\u201d \u00a0<\/p>\n<p>Another side effect of healthcare inflation: Consumers are more likely to forgo medical treatments, experts say, as the price of healthcare increases.<\/p>\n<p><strong>Related:<\/strong><\/p>\n<p>\u2018When we do buy meat, it\u2019s definitely frozen\u2019: Families with young children struggle to keep up with the weekly grocery bill<\/p>\n<p>\u2018I have to do what I have to do for my last child. His siblings never went hungry\u2019: This Detroit mother is forced to choose between her energy bill and groceries<\/p>\n<p>\u2018The best I can do is email you\u2019: When this Native American family\u2019s high-speed data ran out, their kids\u2019 remote schooling came first<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Zoe Han\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/topics\/journalists\/zoe-han\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/zoeyuqhan\",\"text\":\"@zoeyuqhan\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Zoe_Han\"><\/span>Zoe Han<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><ufc-follow-author-widget product=\"marketwatch\" author-id=\"267_MW\" author-name=\"Zoe Han\" signin-url=\"https:\/\/accounts.marketwatch.com\/login?target=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fget-ready-for-one-major-and-delayed-impact-of-inflation-next-year-11666033638%3Frss%3D1%26siteid%3Drss\" panda-api=\"https:\/\/follow-api.marketwatch.com\"><\/ufc-follow-author-widget><\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C06575-04D4-B545-713B-45BF51D56DD2%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;: Prepare for this largely unforeseen inflation impact next year, analysts warn&#8221; When it comes to healthcare spending, &#8216;consumers can only really choose between paying up or walking away,&#8217; one analyst told MarketWatch Sometimes it takes time for certain aspects of inflation to have an impact. Higher costs in healthcare is one such aspect, analysts&#8230;<\/p>\n","protected":false},"author":1,"featured_media":503460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-600537\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-503459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/503459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=503459"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/503459\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/503460"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=503459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=503459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=503459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}