HealthPick a Plan, Any Plan — It'll Still Cost MoreWhat's going on: Forget untangling the holiday lights. It’s time to make sense of health insurance all over again. Welcome to open enrollment. Premiums are rising across the board, no matter how you’re covered — through your employer, the Affordable Care Act marketplace, or Medicare. Healthcare companies can set their own rates with little government oversight, so every year, the baseline cost of care rises right along with their profits. While corporate greed plays a big role, it’s not the only culprit. Costs are also climbing because more people are using the system to access medications like GLP-1s, undergo surgeries, or seek other types of care. The Kaiser Family Foundation (KFF) estimates that people with subsidized insurance will pay an average of double or more next year. May the odds be ever in your favor. What it means: It’s never been pricier to stay healthy — or alive — in the US. To top it off, KFF estimates more than 40% of Americans already have medical debt, and that number could climb, especially as the fight over ACA subsidies plays out in Congress. As for how to save a penny? Shopping around always helps. One expert told Vox that hospitals often charge the most, while outpatient clinics may offer the same care for less. Generic drugs work just as well as brand names and cost far less, the expert added. Even paying cash can sometimes lower the bill. Otherwise, there’s always the Bubble Boy strategy — good luck keeping it inflation-free. Related: This Health Insurance Calculator Might Help Estimate Your Premium (KFF) |