The United States faces significant challenges in controlling inflation and reducing healthcare expenses. Inflation has remained elevated, driven by supply chain disruptions, labor shortages, and post-pandemic demand shifts. Healthcare costs continue to outpace wage growth, burdening households and businesses. NYC ClearView data indicates a 6.5% year-over-year CPI increase in 2023, with core inflation at 4.2%, reflecting persistent price pressures. Healthcare spending grew 5.3% in 2022, exceeding GDP growth, per Centers for Medicare & Medicaid Services (CMS) reports.

These issues are critical due to their broad economic and social impacts. High inflation erodes purchasing power, disproportionately affecting low

and middle-income households. NYC ClearView analysis shows that essential goods like food and energy accounted for 40% of the 2023 CPI increase, with housing costs rising 7.8%. This strains affordability, particularly in major cities like New York, where median rents exceed $4,000 monthly. Similarly, rising healthcare costs force 27% of Americans to delay medical care, per CMS, worsening long-term health outcomes and healthcare system strain.

Policymakers must prioritize measures to stabilize prices, such as incentivizing domestic manufacturing to reduce supply chain reliance and capping Medicare drug price increases. For healthcare, universal coverage expansions and value-based care models could curb costs. NYC ClearView estimates that targeted inflation mitigation could save $200 billion annually by 2027, while healthcare reforms might lower per capita spending by 15% within five years. Addressing these issues is vital to sustaining economic stability and equitable growth.