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Americans spending more on health care this year

The survey also finds that consumers are taking a dimmer view of Obamacare, which is to kick into high gear next month.

By Mitch Lipka Sep 13, 2013 11:47AM

Prescription medicine expenses © Don Farrall, Photodisc, Getty ImagesAbout 40% of Americans said they are spending more this year on health care than they did last year compared with 8% who reported spending less, according to a Bankrate.com survey released earlier this week.


The survey of 1,000 adults conducted in August also found that a quarter of Americans say it is harder to pay their medical expenses today than it was 12 months ago -- triple those who said it is easier now.


And, with the launch of the first phase of Obamacare due in a couple of weeks, more people are down on the law -- the Affordable Care Act -- with many still not understanding how it will work. About 28% said they are feeling more negative about Obamacare than they did a year ago. That's double the percentage of Americans who said they were more upbeat about the law.


When asked what their top question about the health care law is, Bankrate said 15% responded "What is it?" That is a troubling trend -- given how much is at stake for those who will eligible to purchase health insurance through the marketplaces that will open to applicants on Oct. 1.


"We’re just three weeks away from when the new health insurance exchanges will begin accepting applications, and we’re still observing a disturbing lack of consumer education,”  Bankrate insurance analyst Doug Whiteman said. “If this doesn’t change soon, millions of Americans could miss important deadlines or make uninformed decisions."

 

About a quarter of those surveyed who said they earned less than $50,000 a year reported not having health insurance. About 6% of those who earned more said they also were without insurance.

One of the hallmarks of Obamacare is to make sure every American gets health insurance, with an expansion of eligibility for free care and tax breaks provided for those at certain income levels. A family of four earning up to $94,000 a year, for instance, could quality for tax subsidies.


The most-asked question that Americans had about Obamacare is how it would affect their current insurance, followed by how much it would cost them. That question will become a bit clearer when the marketplaces open on Oct. 1.


Consumers can find out more about the health insurance marketplaces that will be offered from this informational site produced by the U.S. Centers for Medicare & Medicaid Services.

 

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14Comments
Sep 13, 2013 2:49PM
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Of course they're uninformed!  They put him into office, twice!  Now they will reap what they've sown.
Sep 13, 2013 9:14PM
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I believe Obama had no idea what was written in the bill nor did he read the 2k pages if he did and just let it go knowing most of his constituents would also not read its contents is a sham on the American electorate. Obama does not deserve the PRESIDENCY of our great country.

 

Sep 14, 2013 7:31AM
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What a "brainstorm", MSN...I don't think we would have ever figured out our health care expenses were rising....you folks are great masters of the obvious.  
Sep 14, 2013 12:02AM
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it takes a village. a socialistic village. obamacare is the main street in this new village.
Sep 13, 2013 10:20PM
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1.  How can you shop around for the best price on health care when hospitals/doctors won't list their prices?  Maybe you'd prefer to go to hospital B because it charges less for 1 liter bags of D5 half normal saline solution.  What does a CT scan of the abdomen and pelvis go for these days, anyway?  Do you have any idea?
2.  Why are there separate policies for your teeth (dental) and your eyes (vision)?  Aren't your teeth and eyes part of your body?  If you break a tooth, you have to use dental insurance to have it repaired  If you break your arm, though, you don't have to use separate orthopedic insurance, right?
3.  Why are fire rescue, police protection, education to the 12th grade and trash collection socialized and price controlled, while health care isn't (except in the case of Medicare, Medicaid and TriCare)?  Aren't they all necessities?  Could society function without the collection of trash?  No.  Can society function if no one can get their health care problems fixed?  No.

Leave the free market to those things you can choose to buy--flat screen TVs, BMWs, in-ground pools, lawn care.  Price control necessities that can't wait--appendectomies, bone fractures, tumor treatment, etc.  A cholecystectomy shouldn't cost any more or any less in Los Angeles, CA than it would in Butte, Montana.
Sep 14, 2013 12:36AM
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obama may lose union support this week for obamacare if they do not get a certain fix. if they don't get their fix they are gonna go the repeal route. will be shocked if msn reports any of this. the edifice is starting to crumble folks.
Sep 15, 2013 6:51PM
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Dog and pony show along w/other media three ring circus to overwhelm you w/disinformation so you really don't know what's going on in the US economy that's falling apart. Now the Syria thing's delayed not put off to take blame and explanation of what true or real numbers will show.
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The ACA is just as lame as our President is on all of his policies.
Sep 16, 2013 11:30AM
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youbet948:Obamacare hasn`t kicked in yet.Your stupidity is showing, as is your jealousy

of Obama.Thank God most Americans are smarter than you.

Sep 15, 2013 10:39AM
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Most people didn`t read the article.When Obamacae starts the rates will be lower.These rates

in the article are BFORE Obamacare.The far right believes what they want to believe.

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