40% of Americans Spending More on Health Care This Year
NEW YORK, Sept. 11, 2013
NEW YORK, Sept. 11, 2013 /PRNewswire/ --Two in five Americans (40%) are
spending more on health care now than they were one year ago, according to a
new Bankrate.com (NYSE: RATE) 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:
PSRAI obtained telephone interviews with a nationally representative sample of
1,000 adults living in the continental United States. Interviews were
conducted by landline (500) and cell phone (500, including 265 without a
landline phone) in English by Princeton Data Source from August 15-18, 2013.
Statistical results are weighted to correct known demographic discrepancies.
The margin of sampling error for the complete set of weighted data is plus or
minus 3.7 percentage points.
About Bankrate, Inc.
Bankrate is a leading publisher, aggregator, and distributor of personal
finance content on the Internet. Bankrate provides consumers with proprietary,
fully researched, comprehensive, independent and objective personal finance
editorial content across multiple vertical categories including mortgages,
deposits, insurance, credit cards, and other categories, such as retirement,
automobile loans, and taxes. The Bankrate network includes Bankrate.com, our
flagship website, and other owned and operated personal finance websites,
including CreditCards.com, Interest.com, Bankaholic.com, Mortgage-calc.com,
CreditCardGuide.com, Nationwide Card Services, InsuranceQuotes.com,
CarInsuranceQuotes.com, InsureMe, Bankrate.com.cn, CreditCards.ca,
NetQuote.com, and CD.com.Bankrate aggregates rate information from over 4,800
institutions on more than 300 financial products. With coverage of nearly 600
local markets in all 50 U.S. states, Bankrate generates over 172,000 distinct
rate tables capturing on average over three million pieces of information
daily.Bankrate develops and provides web services to over 80 co-branded
websites with online partners, including some of the most trusted and
frequently visited personal finance sites on the Internet such as Yahoo!, AOL,
CNBC, and Bloomberg. In addition, Bankrate licenses editorial content to over
500 newspapers on a daily basis including The Wall Street Journal, USA Today,
The New York Times, The Los Angeles Times, and The Boston Globe.
For more information:
SOURCE Bankrate, Inc.
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