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PBS News Hour - Segments

Why millions of Americans are facing a spike in health care costs

PBS News Hour - Segments

PBS NewsHour

News, Daily News

4.11K Ratings

🗓️ 22 October 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

Millions of Americans are bracing themselves for a significant hike in their 2026 health insurance premiums without the subsidies at the center of the government shutdown battle. It comes as insurance costs are rising significantly throughout the country. A KFF survey found the average annual premium for a family increased 6% from the previous year. Amna Nawaz discussed more with Cynthia Cox. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Transcript

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0:00.0

Congress tonight remains at a stalemate as the government shutdown enters its fourth week,

0:05.2

now the second longest in U.S. history. More than 700,000 federal workers are furloughed, and the

0:11.0

impact is becoming clear. Yesterday in Prince George's County, Maryland, home to roughly 60,000

0:16.9

federal employees, a line for a local food bank stretched around the block. For now, no serious

0:22.9

negotiations are underway to end the shutdown. And there's no movement yet on the central

0:27.8

battle behind the shutdown. That's the expiration of health care subsidies at the end of this year.

0:33.2

Millions of Americans are bracing themselves for a significant hike in their 2026 health insurance

0:38.3

premiums without that subsidy help, an average of about 18 percent increase. It comes as health

0:44.3

insurance costs are rising significantly throughout the country. A recent KFF survey found that

0:49.5

the average annual premium for a family with workplace insurance reached nearly $27,000 in 2025.

0:57.4

That is a 6% increase from the previous year.

1:01.0

For more on the latest, I'm joined now by Cynthia Cox,

1:04.4

Vice President and Director of the Program on the Affordable Care Act for KFF.

1:09.0

Cynthia, welcome. Thanks for being here.

1:10.4

Thanks for having me.

1:11.6

Just briefly remind us why these enhanced subsidies had an expiration date attached to them

1:15.6

in the first place.

1:16.6

Yeah, so these enhanced subsidies or enhanced tax credits look a lot like what Democrats have wanted

1:21.6

for a long time, but they were passed as part of a COVID relief package.

1:25.6

So it was passed as a temporary measure. And then it was expanded again as part of the Inflation Reduction Act.

1:31.3

But again, it had an expiration date.

1:33.3

And so if Congress takes no action, these enhanced tax credits are set to expire at the end of this year.

...

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