The Fort Worth Press - Panic across US as health insurance costs set to surge

USD -
AED 3.672503
AFN 65.000175
ALL 81.391909
AMD 361.239406
ANG 1.789785
AOA 918.000173
ARS 1545.979796
AUD 1.45141
AWG 1.8
AZN 1.70424
BAM 1.754002
BBD 2.017139
BDT 124.801578
BGN 1.747831
BHD 0.378365
BIF 2996.530984
BMD 1
BND 1.283357
BOB 12.019192
BRL 5.5157
BSD 1.001533
BTN 94.051388
BWP 13.796287
BYN 2.99922
BYR 19600
BZD 2.01427
CAD 1.410275
CDF 2320.000433
CHF 0.819505
CLF 0.024815
CLP 976.640154
CNY 6.676498
CNH 6.67325
COP 3239.78
CRC 454.199123
CUC 1
CUP 24.036716
CVE 98.887942
CZK 21.789645
DJF 178.345091
DKK 6.69634
DOP 60.855691
DZD 136.387021
EGP 54.135703
ERN 15
ETB 164.375174
EUR 0.89582
FJD 2.265597
FKP 0.74879
GBP 0.747215
GEL 2.595016
GGP 0.74879
GHS 11.707995
GIP 0.74879
GMD 74.50058
GNF 8870.64244
GTQ 7.657056
GYD 210.062329
HKD 7.84025
HNL 26.917595
HRK 6.76901
HTG 131.239077
HUF 325.120288
IDR 18108.75
ILS 3.17185
IMP 0.74879
INR 93.823398
IQD 1519.035021
IRR 1891352.999659
ISK 122.540276
JEP 0.74879
JMD 158.950846
JOD 0.709023
JPY 158.230139
KES 129.959975
KGS 87.447804
KHR 4080.352101
KMF 441.999703
KPW 899.999961
KRW 1349.060049
KWD 0.31106
KYD 0.834734
KZT 448.920502
LAK 22531.676206
LBP 89685.278642
LKR 333.053958
LRD 170.342137
LSL 16.562805
LTL 2.95274
LVL 0.60489
LYD 6.409165
MAD 9.794718
MDL 17.901738
MGA 4550.9551
MKD 55.14612
MMK 2099.456394
MNT 3601.166008
MOP 8.088606
MRU 40.43421
MUR 47.030256
MVR 15.402768
MWK 1736.659525
MXN 18.59045
MYR 4.061297
MZN 63.897801
NAD 16.563177
NGN 1349.520041
NIO 36.85942
NOK 9.438297
NPR 150.409201
NZD 1.78599
OMR 0.384497
PAB 1.002108
PEN 3.451773
PGK 4.564503
PHP 63.275023
PKR 276.992712
PLN 3.93363
PYG 6260.364471
QAR 3.662795
RON 4.777195
RSD 105.371045
RUB 81.997474
RWF 1478.264377
SAR 3.760516
SBD 8.048583
SCR 14.057803
SDG 601.502622
SEK 9.86631
SGD 1.28066
SHP 0.748923
SLE 22.950028
SLL 20969.504398
SOS 572.355712
SRD 37.583499
STD 20697.981008
STN 21.961965
SVC 8.76732
SYP 13001.999685
SZL 16.557158
THB 33.467939
TJS 9.243442
TMT 3.5
TND 2.998341
TOP 2.40776
TRY 50.181885
TTD 6.791952
TWD 32.831999
TZS 2646.380087
UAH 45.371507
UGX 4098.470921
UYU 40.312094
UZS 11956.414511
VES 896.316397
VND 25514.5
VUV 119.26207
WST 2.787824
XAF 587.619311
XAG 0.018934
XAU 0.000242800362
XCD 2.70255
XCG 1.805838
XDR 0.707052
XOF 587.619311
XPF 106.954845
YER 236.625004
ZAR 16.48746
ZMK 9001.202587
ZMW 20.350666
ZWL 321.999592
SSP 5745.232324
MXV 2.089896
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Panic across US as health insurance costs set to surge
Panic across US as health insurance costs set to surge / Photo: © AFP

Panic across US as health insurance costs set to surge

Rachel Mosley, a Florida pre-school teacher, recently learned her family's health insurance premiums are set to nearly triple to a staggering $4,000 a month next year when US government subsidies expire.

Text size:

Like more than 20 million middle-class Americans, Mosley and her husband until now have benefited from subsidies connected to the Affordable Care Act, better known as Obamacare.

But under US President Donald Trump, these subsidies are set to expire at the end of the year -- and Republicans for now are refusing to negotiate their extension.

The explosive issue is core to the budget standoff between Republicans and Democrats, which has triggered a shutdown that has paralyzed the American federal government for a month.

And on November 1, insurance renewals and enrollments open -- leaving households across the country to learn their new rates with terror.

"I had some tears on my front porch," Mosley -- a mother of five kids, who makes around $24,000 a year as a teacher -- told AFP.

Combined with her salary and her husband's work as a physician's assistant, she said "it's a third of our income."

"I can't possibly imagine how we could pay it."

Mosley, 46, works part-time because she had a heart attack last year -- she thought she was in perfect health but nearly died.

So canceling insurance altogether isn't an option: if "I have to go to the hospital for a heart attack or stroke...how would I pay the bill?"

"I really wouldn't be able to pay."

It's an impossible choice with rippling effects nationwide.

Audrey Horn, a 60-year-old retiree from Nebraska, is in similar panic.

Her premium is currently fully covered by the federal government, but it is set to go from more than $1,740 to more than $2,430 -- and that substantial subsidy is in limbo.

Horn's husband works for a small construction company and is paid by the hour. She said they're already feeling the impact of inflation and simply do not have the budget to absorb such a health care increase.

"I balance my checkbook to the penny," she told AFP, saying they share a very small house and drive old cars.

"We don't have a lot."

- Societal 'burden' -

In the US, about half of American workers receive health insurance through their employers.

The rest -- employees of small businesses, self-employed individuals, people working part-time, and those working multiple jobs or doing contract work -- are largely covered through "Obamacare."

The program's subsidies were created with the goal to "bridge the gap" between the enormous price of US health insurance and what people can actually pay, explained Mark Shepard, a Harvard economist and public policy expert.

The subsidies got a boost during the worst of the Covid-19 pandemic, but are now set to decrease or even disappear -- even as the cost of living continues to soar.

KFF, a health policy think tank, said the expiration would mean the average premium cost of $888 in 2025 would spike to $1,906 next year.

The Congressional Budget Office estimates that dramatic increase will mean 4 million Americans will lose their health insurance.

"There's going to be a burden on the overall society," said Shepard, because people will still show up uninsured, frequently to emergency rooms.

When that happens people accumulate debts that can easily amount to tens of thousands of dollars -- and when they're unable to pay, "the hospitals or local governments or state governments end up bearing the burden of that cost," he said.

Mosley has called and written to her Republican senators in recent days, urging them to reconsider their positions.

She hasn't received a response.

On the other side of the country, Claire Hartley, who owns a California yoga studio, is making similar calls -- and asking her Democratic representatives to "stand firm."

Hartley received notice that premiums for her, her husband and their 18-year-old daughter would go from $1,100 a month to $2,022 next year.

"The longer the Republicans wait, the more people are going to get these notices," she told AFP, voicing hope that people will become more aware of the political battle and what's at stake.

She's urging people to contact their reps and say "'wait, I can't afford this. You can't cave to these demands.'"

S.Weaver--TFWP