Your Healthcare costs are going up A lot next year

Social Safety Net Team
Nov 15, 2025
3 min read

Updated: Nov 17, 2025

The Republican Budget Bill passed last July includes the biggest healthcare cut in history. Republicans did this and gave the already wealthy a $1 trillion tax over 10 years! Think about that - a $1 Trillion tax CUT.

The impact on all of us is huge because the money to pay for the ultra-wealthy tax cut was taken from Medicaid, Medicare, and the Affordable Care Act (aka: Obamacare).

What are these cuts costing us?

For every millionaire family that gets a tax cut, 19 people will lose their health insurance.
No matter where you get your health insurance - you are going to be paying much, much more next year. Both ACA and private health insurance are talking about at least a 15% increase for 2026.
About 20 million people who get their insurance from the ACA also receive government financial assistance to make health insurance affordable. That ends now because Republicans refused to renew the ACA assistance. That means premiums for ACA policies could be up to 75% or more.
For older people, Medicare plans are also increasing their charges. Plan B monthly premiums will likely go up 11.6% to about $206.50. Since those premiums are usually subtracted from a person’s Social Security monthly payment, the predicted cost of living increase in Social Security for 2026 will be reduced by about 40%.
Since healthy younger people will stop buying health insurance first, it will leave only older people with more health problems in the insurance pools. That will cause insurance rates to rise. As this happens, more people will stop paying for insurance of costs, causing insurance costs to increase again.
Estimates are that 51,000 people will die every year because they cannot access adequate medical care.
Medicaid cuts and new work requirements involving complicated paperwork will likely result in millions of people losing their medical coverage.
The number of uninsured residents in Michigan will go from 4.3% (2023 rate) to 7.6% in 2034. That is a 78% increase.
People without insurance will go to hospital emergency rooms. Hospitals will be pass these costs on to other people with insurance, increasing their costs.
In Michigan, it is estimated that loss of Medicaid reimbursement will cost hospitals greater than $6 billion over 10 years. Some hospitals will be forced to cut services. Others will close. People will lose their jobs.
Medicaid funds most of the 400 community mental health centers in Michigan. Because of the loss in funding, services will be removed and approximately 40% of community mental health centers will close.

Republicans say that State budgets can pick up the costs that used to be covered by the federal government. But that is just not true. To meet the healthcare need most States will either have to cut funding to other necessary programs or raise taxes.

The policies adopted by the Trump Administration and Republican lawmakers will create a medical care system that only the rich can afford.

Ordinary people will have two choices if they need significant care: go bankrupt or die.

What can we do?

Look at your budget and get ready for insurance cost increases.
Write to your representatives and senators in support of a one payer medical system like Medicare-for-All. 59% of Americans support it. It costs much less than private insurance. An estimate by the Congressional Budget Office predicts $650 billion in savings if we stop privatizing and use a “Medicare-for-All” medical system.
Tell Congress that healthcare is a right, not a privilege.
Call your representatives and senators and demand that the Republican budget bill be rescinded.