How Trump, Democrats could shape health care costs

Democratic presidential candidates former South Bend, Indiana Mayor Pete Buttigieg, Andrew Yang, former Vice President Joe Biden, Sen. Elizabeth Warren (D-MA), Sen. Bernie Sanders (I-VT), Sen. Amy Klobuchar (D-MN) and Tom Steyer shake hands at the conclusion of the Democratic presidential primary debate.

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Democratic presidential candidates former South Bend, Indiana Mayor Pete Buttigieg, Andrew Yang, former Vice President Joe Biden, Sen. Elizabeth Warren (D-MA), Sen. Bernie Sanders (I-VT), Sen. Amy Klobuchar (D-MN) and Tom Steyer shake hands at the conclusion of the Democratic presidential primary debate.

This story is the first in a series that looks at how the presidential candidates could shape your family’s finances.

Kitchen table issues are front and center for many Americans as voting continues in presidential caucuses and primaries across the country.

Will their insurance premiums keep rising? Can they manage to save a few hundred dollars for emergencies when so much of their pay goes toward rent? Will they be able to send their kids to college? 

Among those money worries, one of the biggest is health care costs, with doctor visits, hospital stays and prescriptions typically topping the list of a family’s biggest expenses.  

In 2017, the average American family spent $8,200 on health care, according to the Kaiser Family Foundation. Nearly $3,000 of that amount went towards premiums, while more than $2,000 covered other out-of-pocket costs. 

The Affordable Care Act “did do a lot to make it possible for people to get coverage, and the uninsured rate has gone down,” says Cynthia Cox, a vice president of the Kaiser Family Foundation. “But there are still plenty of people who have insurance and find it unaffordable. So health care costs are holding many families back.”

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By Bernice Caldwell

Bernice is one of the finest authors Industry News Today portal has until now. Bernice's linguistic and well-written technique is one of the plus points that have the readers glued to her articles. Bernice currently heads the Healthcare and Services domain as her knowledge on the medical topics is immense. She has just joined the Industry News Today portal 6 Months back but the love for writing can be very well seen. She may be short on experience but it has definitely not stopped her from presenting some of the finest articles. Bernice is currently a very well-known personality on the portal to have shown her skillful writing in such a limited time span.

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