Definition of "skyrocketing" [skyrocketing]

• Present participle of skyrocket. (verb)

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• "CASEY: A slew of surgeons walked out of work Wednesday afternoon in protest to what they call skyrocketing medical malpractice insurance rates, a scenario that was averted in eastern Pennsylvania when earlier Wednesday morning nearly 50 surgeons planned a walkout of the emergency room."
• "Publisher Chris Harte said in a prepared statement that the company no longer can afford what he termed the skyrocketing cost and the liabilities of the pension."
• "Floundering health care reform, that is now a gift to the insurance companies, credit card reform that resulted in skyrocketing interest rates, heal the banks and Wall Street so they can continue doing exactly what they were doing only now they laugh at Main Street and the POTUS."