The impending presidency of Donald Trump is expected to reshape the health insurance landscape in the US, given that the subsidies under the Affordable Care Act (ACA) are also set to expire in 2025, according to a report on Tuesday.
The report by GlobalData, a data and analytics company, showed that medicare premiums — critical for millions — face uncertainty.
The increasing inflation in healthcare costs will leave low- to medium-income households vulnerable to limited or no coverage amidst rising medical expenses, said the report.
GlobalData’s Insurance Company Line of Business Breakdown database reveals that the US Medicare Health insurance market grew by 9.4 per cent from $696 billion in 2022 to $761 billion in 2023.
Medicare is a social insurance programme that is funded by the Federal Government and primarily supports people over the age of 65 by paying for half of their medical expenses.
The only social healthcare programme offered in the …