Health Insurance Is Stopping Millions of Americans From Quitting Their Jobs
Summary
A recent Gallup poll found that nearly one in four American workers stay in jobs they want to leave because they fear losing health insurance. Rising health care costs and changes to the Affordable Care Act and Medicaid have made health insurance less affordable and harder to get outside of employer plans.Key Facts
- About 24% of workers with employer health insurance feel "trapped" in their jobs due to health coverage concerns.
- This is an increase of 8 percentage points since 2021, affecting roughly 23 million adults.
- Workers with medical debt or high stress from health costs are even more likely to stay in unwanted jobs.
- Changes made by President Trump’s administration ended some ACA subsidies and reduced Medicaid eligibility, causing insurance premiums to rise.
- Premiums for marketplace health plans are expected to increase again due to rising medical costs.
- People with chronic illnesses and women are more likely to stay in jobs for health insurance benefits.
- Women often need health coverage more due to medical care related to pregnancy and childbirth.
- Many Americans report delaying life events or choosing between health care and other essentials because of cost.
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