Is healthcare the next financial crisis? Health care costs are rising at rates higher than most people’s wages, and in some places in the country The Affordable Care Act plan premiums are going up as much as 116%. So what accounts for the sharp increase in premiums? Many providers were unprepared for just how sick people were and they did not price plans accordingly. Enrollment is also lower than expected because many people chose to pay the penalty rather than shelling out for health insurance.

Going forward, it remains to be seen what will happen to healthcare. President Elect Donald Trump has promised to repeal and replace The Affordable Care Act, though what his plan will entail is as yet unknown. Something needs to be done about the skyrocketing cost of healthcare but no one seems to be able to agree about what it will be. Learn more about the current healthcare crisis from this infographic.

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1 COMMENT

  1. […] Is the change good or bad? It’s difficult to say. While many of us want better financial circumstances for those who have bad credit, these premium cuts may not have been the right way to go about it. There were risks. For now, let’s be thankful that Trump hasn’t actually increased the price of FHA mortgage premiums, the way some outlets are claiming. And it’s worth remembering that Trump isn’t exactly for higher premiums in any area – you can read more about Trump and the nationwide healthcare premium problems right here at http://infotainmentnews.net. […]

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