Despite what its name may imply, the Affordable Care Act is not leading to lower costs for many Americans. In fact, nearly half of Americans in the workforce say more money is being drawn from their paychecks each month for health insurance than a year ago.
The shift in healthcare costs from employers to workers is hitting paychecks. According to a new survey from Bankrate.com, 47 percent of those with employer-sponsored plans say their monthly premiums have increased, and 44 percent report their deductibles, copays, and other out-of-pocket expenses have also risen. Making matters worse, 19 percent have seen their choice of doctors decrease, and 7 percent have lost coverage for their spouse or children.