ACA Marketplace Costs Surge, Impacting Millions
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Millions of Americans with Affordable Care Act marketplace plans are grappling with significantly higher health insurance costs this year due to the expiration of enhanced premium tax credits. A new KFF survey reveals that 80% of returning enrollees are facing increased premiums, deductibles, coinsurance, or copays, with 51% reporting substantial hikes. Without the tax credits, subsidized individuals average annual premiums were projected to surge by 144%, from $888 to $1904. Many families are struggling to keep up, with 55% cutting back on essentials and 17% worried about making monthly payments. The open enrollment process left many feeling anxious, angry, or confused. Despite these challenges, 23 million selections were made for 2026, with healthcare costs emerging as a key factor in midterm elections.
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