Paying for health care is now Americans' top financial worry, KFF poll finds
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Paying for health care has become Americans' top financial worry after Congress failed last year to extend some Affordable Care Act subsidies, triggering premium spikes for millions, a new survey finds. Edited by Aimee Picchi In:
Paying for health care has become Americans' top financial worry after Congress failed last year to extend some Affordable Care Act subsidies, triggering premium spikes for millions, a new survey finds.
Two-thirds of Americans say they are very or somewhat worried about affording health care, outranking concerns about paying for groceries, utilities or housing costs, according to the poll from the health policy research firm KFF. Among those, one-third described themselves as very worried about paying for medical expenses.
Health care costs include paying for health insurance, covering out-of-pocket expenses and prescription drug costs.
Health care is driving Americans' financial worries because these costs are rising faster than other categories of expenses for a substantial share of the population, the study found. More than half of U.S. adults say their health care costs increased in the past year, according to the KFF poll.
"KFF has long found that health care costs are a top concern for people when it comes to household expenses and economic necessities," Shannon Schumacher, senior survey analyst at KFF, told CBS News. "We're now seeing it rise to the top. It's really become top of mind amid rising costs all around and people trying to figure out how to pay for things."
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