40% of Americans Spending More on Health Care This Year

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Two in five Americans (40%) are spending more on health care now than they were one year ago, according to a new Bankrate.com report. Only eight percent are spending less.

Twenty-eight percent of Americans are feeling more negative about the Affordable Care Act now than they were 12 months ago, twice as many as the 14% who are feeling more positive. One in four say it is more difficult to handle medical expenses now than it was a year ago (more than three times as many as those who say it is easier).

Americans’ biggest question about the Affordable Care Act, also known as Obamacare, is how it will affect their current health coverage. Twenty-eight percent say this is what they would most like to know about the new law, followed closely by the 24% who want to know how it will affect their household budgets. Twenty percent are most curious about whether the Affordable Care Act is really going to happen, and 15% say their top question is simply what Obamacare is.

“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,” said Bankrate.com insurance analyst Doug Whiteman. “If this doesn’t change soon, millions of Americans could miss important deadlines or make uninformed decisions.”

These findings comprise Bankrate.com’s first Health Insurance Pulse, a monthly survey that tracks how Americans are feeling about health care and their personal finances. The survey was conducted by Princeton Survey Research Associates International (PSRAI) and can be seen in its entirety here:

http://www.bankrate.com/finance/insurance/health-insurance-charts-0913.aspx