Episode Details
Back to Episodes82M Americans Cut Back on Needs for Health Care
Description
82 million Americans struggle with healthcare costs, cutting back on essentials like food and utilities. Uninsured individuals face the brunt, with 62% making tough choices, including borrowing money or stretching out medications. Even insured folks report similar cutbacks due to rising premiums and out-of-pocket expenses. These financial pressures force people to delay major life steps, like surgeries or home purchases, and can lead to untreated issues worsening over time. Healthcare spending continues to rise, now accounting for 18% of the economy, with premiums spiking due to the end of enhanced ACA subsidies. Experts warn of increased burden as coverage losses are projected and health issues rise. Reviewing plans, checking assistance programs, and budgeting for medical costs can help alleviate the strain.
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