This incredible paper came out of the National Bureau of Economic Research and was covered by the Wall Street Journal (source for the graphic above).  The authors describe what happens to local economies when hospitals raise their prices.  There are job losses, reductions in wages and lost federal tax revenue, as depicted above.

Hospital price increases are largely secondary to consolidation.  Consolidation is largely secondary to policy choices, such as lack of site neutrality, 340B, erosion of they physician fee schedule, meaningful use EHR requirements, quality metrics and the ban on physician ownership.  Changing these policies will decrease consolidation and, according to the above research, improve local economic conditions.