President Biden Signs Massive Climate And Health Care Legislation
President Joe Biden signed Democrats' landmark climate change and health care bill into law on Tuesday.LEARN MORE
One man and his wife downsized and sold most of their belongings to pay for his medical costs as he fights brain cancer.
Andrew Kuzyk and his wife, Pamela Andersen, held a yard sale in August.
The couple from Mesa, Arizona, downsized and sold most of their belongings to pay Andrew's medical costs as he fights brain cancer.
"If I lose my best friend and the love of my life ... I'm just thinking of that and how the future will look," Andersen said.
112 million Americans struggle to pay for health care. More than 90% of the country thinks it's too expensive, according to a March 2022 Gallup Poll.
The same survey found a third of Americans skipped needed care.
The Centers for Medicare and Medicaid project yearly U.S. health care spending will hit $6 trillion in the next 5 years. That's 50% more compared to 2020.
Someone's health costs, especially insurance, can depend on several factors like age, location and plan.
A Kaiser Family Foundation analysis of people with employer insurance found a single person's average premium cost was $7,470 for a year in 2020. A family's premium was $21,342 for the year.
The price rose in 2021, about $270 more for single coverage and roughly $880 more for family coverage.
KFF's analysis for 2022 is not out yet, but other reviews found less than a 1% increase.
Early 2023 indications from the Kaiser Family Foundation show a median 10% premium increase.
Those with Medicare Part B will pay about $5 less per month for their premiums starting January 2023. That will help after last year's jump of more than $20 a month.
Medicare Part B covers doctor visits and outpatient care for someone over 65, or with a disability or on dialysis.
Medicare Part D, the prescription drug benefit, also has positive changes coming.
First in Janaury, we'll see insulin costs capped at $35 a month.
Legislation passed in August also gives Medicare the power to negotiate drug costs, but that won't come until 2025 or 2026.
"They'll probably be those really high-cost drugs about less than 2% are so expensive they are consuming about 50% of the prescription drug spent,"Executive Director for Colorado's Department of Health Care Policy and Financing Kim Bimestefer said.
Meanwhile, for patients like Kuzyk and his wife, they'll continue to pay as they battle for health.
"We have a lot of faith and he's going to fight to the end," Andersen said.
The 2021 Price Transparency Rule requires hospitals to make procedure costs available online, but many haven't fallen in line.By Andrew Selsky / AP
The CDC made headlines this fall after warning cases of some sexually transmitted infections are at their highest levels in decades.By Liz Hafalia / AP
Open enrollment is happening now for Medicare until December 7, but why is it so complicated to understand?By Pablo Martinez Monsivais / AP
Secretary of State Antony Blinken said the U.S. will remain a friend of Israel even as it pursues goals that Prime Minister Netanyahu has opposed.By Carolyn Kaster / AP
China is easing some of the world’s most stringent anti-COVID controls and authorities say new variants are weaker.By Andy Wong / AP
The economy is changing and manufacturing jobs are on the rise.By Yuri Kageyama / AP