By Tim Van Hoof and Mike Miller for DAILY CALLER
Health care costs are escalating and taking health insurance premiums along for the ride.
A report at Healthcare Brew points to a variety of factors for the increases, such as specialty drugs and upcoding by providers, while other reports point to the Affordable Care Act’s continuing impact on health insurance prices and policies.
There’s no denying that spending and costs are up. Since the ACA’s implementation:
- Health insurance premium costs have increased by more than 75 percent.
- Per capita costs rose from $9,000 in 2013 to $14,570 per person in 2023.
- Employer-sponsored plan premiums increased another 7 percent in 2024 after a similar increase in 2023.
The impact on health insurance has been profound.
- ACA marketplace benchmark premiums for single coverage increased 75 percent between 2014 and 2024.
- Deductibles in ACA silver-tier plans have increased by as much as 100 percent in the same time span.
The future isn’t looking much brighter. ACA rule changes will increase the cost of marketplace policies as well as deductibles.
