Shock and dismay have already begun as Americans face next year’s health insurance costs—and it looks like everyone will be in for some grim numbers.
So far, much of the attention has been on the stratospheric prices that Americans might see on plans they buy from Affordable Care Act marketplaces. Critical tax credits for those plans are set to expire at the end of the year, and, on top of that, insurers have proposed a median 18 percent price increase for 2026. With the higher prices and a loss of credits, some Americans could see their monthly premiums more than double.
Depending on how much you have set aside it can work, if you don’t have anything set aside and break a leg in a freak accident you can get stuck making massive payments on $20,000+ of medical debt and set yourself back several years. I’m sure it’s gotten more expensive now too, that was 6 years ago, and while I don’t have the debt any more, I also have complications from the surgery that still bother me that I feel like I can’t afford to get fixed.
That said, a high deductible plan can also leave you screwed, and doesn’t save you as much money as they act like it does. The pricing is different for insured vs uninsured patients, and your insurance company has basically negotiated the rates higher so you think they’re more useful than they actually are.
This is a good point to consider. It’s totally unfair, but providers can charge people without insurance basically whatever they want, a lot more money than they can charge people with insurance, because the ins. companies negotiate the max price that they can charge you.