National healthcare spending increased by 9.7% in 2020 – about double the increase from the year prior – according to the Centers for Medicare and Medicaid Services. One of the main sources of healthcare spending is the cost of health insurance.
About 54% of Americans get health insurance through their employers. Another 35% are on a government-provided plan such as Medicare or Medicaid. An additional 4% with insurance get it through the marketplace set up in the Affordable Care Act.
Nearly every one of the more than 14.5 million Americans with coverage through the marketplace is eligible to receive assistance with the cost of their plan.
