Prices for consumer good are higher and keep rising for even less to bring home…
Families will chose to eat and pay the rent before taking care of health needs as those prices rise also…
Ole Jerome at the Fed isn’t accomplishing anything for Americans’ consumer price squeeze…
Businesses just keep raising prices….
All this the ‘economy’ is doing good is nonsense to consumers….
Rising out-of-pocket costs are weighing heavily on the scale, pushing aside tests or procedures when troublesome symptoms emerge. And these days, the grocery list (and even the price of eggs) feel more pressing to many families. While some people avoided seeking medical care during the worst of the pandemic, worried about the risk of infection or unable to get an appointmentbecause hospitals and doctors were overwhelmed, now many are finding that inflation and the uncertain economy have thrown up another barrier.
“We are starting to see some individuals who are putting off some care, especially preventive care, due to the costs,” said Dr. Tochi Iroku-Malize, the president of the American Academy of Family Physicians and the chair of family medicine for Northwell Health in New York. Choosing between going to the doctor or paying for rent and food, “the health issue is no longer the priority,” she said.
The inability to afford medical tests and treatment, a perennial concern in the United States, began emerging as a much more striking issue last year. Nearly four of 10 Americans said they had put off care in 2022 because of cost, the highest number since Gallup started asking people about delaying care more than 20 years ago. The percentage reporting they or a family member delayed health care because of cost rose to 38 percent from 26 percent in 2021.
With the prices of prescription drugs, hospital stays and other treatments expected to increase significantly this year and next, some doctors expect families to have an even harder time affording medical care. A recent report from the Commonwealth Fund found that 29 percent of people with employer-based coverage were underinsured, because they had such high out-of-pocket costs even with insurance. The coming roll back of health coverage under the state-federal Medicaid program will very likely lead many people to become uninsured….
Obamacare Sign-Ups Top 16 Million for 2023, Setting Another Record
A record 16.3 million Americans have signed up for health insurance plans through the Affordable Care Act’s marketplaces during this year’s open enrollment period, beating last year’s sign-ups by 13 percent, the Biden administration said on Wednesday.
The growing enrollment follows the passage of legislation during the coronavirus pandemic to increase federal subsidies for people buying the plans — substantially lowering prices for nearly every American who buys their own insurance. Around 3.6 million people selected plans in the Obamacare marketplaces who did not receive coverage through them last year. Last year’s total had been the highest in the law’s history.
President Biden cheered the development in a statement, saying, “Today, we received further proof that our efforts are delivering record-breaking results.”
The Biden administration has taken other steps to encourage enrollment in the plans, including increasing advertising and enrollment assistance and providing a longer window for sign-ups than during President Donald J. Trump’s administration. But it appears the money is mattering more than anything else.
“The No. 1 reason the Affordable Care Act has worked — and is now working better — is it is affordable,” said Peter V. Lee, a senior scholar at Stanford University who ran California’s marketplace for a decade. “Affordability is the biggest thing.”…