Americans Are Being Crushed by Health Care Premiums
Millions of Americans with Affordable Care Act plans are facing devastating health care costs after Republicans failed to renew pandemic-era extended insurance tax credits. Meanwhile, major insurers are raking in extravagant profits.
Despite the 2010 passage of the Affordable Care Act, US health care spending is as bloated as ever. (E. Jason Wambsgans / Chicago Tribune via Getty Images)
One Utah woman who recently learned that her family’s Affordable Care Act (ACA) plan would increase by over 300 percent next year, amounting to over $2,100 per month in premiums, described the increase as “devastating.”
Millions of Americans on the ACA marketplace are now facing such bank-breaking health care costs after Republicans failed to renew pandemic-era extended insurance tax credits. Without these subsidies, premium payments are expected to more than double in 2026 — all while the country’s top insurers enjoy billions in profits and executive compensation packages.
Despite the 2010 passage of the Affordable Care Act, US health care spending is as bloated as ever, with consumers paying the price: Families now contribute nearly $7,000 a year to employer-sponsored plans on average, up 23 percent from just five years ago.
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