With inflation galloping along at 8.5 percent in September 2022, there are budgeting concerns for 2023. This is especially true when it comes to budgeting for health care costs. Health insurance rose 4.4 percent in 2022. And it looks like it’s only going to go higher.
Pharmaceutical costs are also a concern. Although there are some measures to stem the price increases for Medicare recipients, those with private insurance will probably see increases in their drug bills. How far will this go, and will health care keep pace or even outpace inflation?
