The rising cost of health insurance premiums led 16% of adults surveyed to say they are considering dropping their insurance coverage in the next year, though just 5% of those surveyed had actually dropped out of their coverage in the past year.
Individuals with lower incomes were more likely to say they were considering dropping their insurance. Twenty percent of people surveyed with incomes below 200% of the federal poverty line said they were considering dropping their insurance, compared to 7% of those with incomes above 400% of the federal poverty line.
Despite expanded federal subsidies, 23% of people surveyed with individual marketplace coverage said they spend more than 25% of their monthly budget on healthcare costs. Thirteen percent of people with employer-sponsored coverage spend more than a quarter of their monthly budget on healthcare.
The Commonwealth Fund surveyed 7,873 adults 19 and older from April to July. See the full report here.
