The rising cost of healthcare is a major concern for many people today. A recent poll from KFF revealed that around 90% of respondents believe healthcare costs will influence their voting decisions in November. Over half shared that these costs will have a significant impact.
Healthcare has topped the list of financial worries for many. Back in January, two-thirds of people expressed anxiety about affording healthcare. In a follow-up poll last month, despite gas prices soaring, healthcare was still closely tied as a top concern. Liz Hamel from KFF highlighted how surprising it was that healthcare remained such a pressing issue even amid fluctuations in gas prices.
Even those with insurance often hesitate to use it because of costs. According to a 2024 survey by The Commonwealth Fund, more than half of adults delayed medical care due to financial reasons. Many reported they even skipped needed prescriptions and treatments.
The situation is growing tougher for everyone. Premiums, co-pays, and deductibles have continued to rise. Vivian Ho from Rice University pointed out that those relying on the Affordable Care Act marketplace have faced the steepest increases, especially since enhanced subsidies were cut.
Interestingly, workers with employer-sponsored insurance are also feeling the pinch. Ho noted there has been a cumulative increase of over 300% in their contributions to health insurance premiums over the past 25 years, while wages have remained stagnant.
This ongoing trend illustrates how vital healthcare reform is. As costs climb and wages lag, many are left wondering how to manage their health needs amid financial strains. For more on this topic and its implications for the upcoming elections, check out the detailed insights from KFF here and learn more about the coverage landscape in the latest study from The Commonwealth Fund.
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health insurance, health care system, insurance premiums, deductibles, ACA subsidies
