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Cost virus hitting hospitals

Chicago Tribune, July 17, 2008

Inflation is racing through the economy at a pace not seen in years, and medical manufacturers, distributors, and hospitals all are coping with rising prices. From the thousands of gloves used each day to plastic bed pans, blood bags, syringes, and tubing used for delivering medications to patients, prices for many everyday medical products are rising because they rely on petroleum. Now healthcare companies are making crucial decisions about whether to raise customer prices or hang tough and eat the higher costs to protect relationships or fend off competitors.