Joe Biden Will Soon Face Health Care Inflation

[{ "selector": ".rmlpj-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateX(-351.875px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }, { "selector": ".glwpo-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".wposb-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 456px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]

President Joe Biden is pushing Congress to fight America's growing healthcare costs.

Rising health care costs could be the next big battle in his war against inflation, but he might not win by time for a reelection bid in 2024.

[{ "selector": ".jwgtz-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

A recent forecast by The Federal Reserve Bank of Dallas predicts that health care inflation will double by 2023.

[{ "selector": ".ouuol-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Health insurance providers are starting to factor in escalating labor costs for hospitals and medical networks, which will gradually increase the cost of health care.

The president and congressional Democrats have already taken steps to address the problem of rising health care rates.

Launched in August, the Inflation Reduction Act includes several provisions which may help to alleviate sticker shock while providing a way to control health care costs.

stay updated with us!!

READ MORE [{ "selector": ".xpnsp-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(-116px)", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".ibtix-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 476px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }]