Providers, insurers poised for ‘bloody’ negotiations amid inflation

Surging inflation has set the table for heated negotiations between providers and insurers.

In May, year-over-year price increases of consumer goods and services outpaced healthcare inflation, bucking the historical trend. The consumer price index rose 8.6%, the steepest gain since December 1981. Medical expenditures grew 3.7% in May, the biggest year-over-year jump since September 2020, according to the most recent data from the Bureau of…