People signing up for health insurance coverage under the Affordable Care Act for 2027 should expect higher premiums and fewer options. The enrollment period starts Sunday and ends in mid-January. The big changes include expiring financial assistance, rising rates, and stricter enrollment checks. Financial help is now restricted for many groups. Experts predict less coverage and higher prices, with average premiums rising by 13%. Those without subsidies will be affected most. New regulations will limit tax credits for certain immigrants, possibly increasing the uninsured. The Trump administration plans to remove 760,000 enrollees over claims of fraud, and is aiming for $2.2 billion in savings.
Rising healthcare costs are a major concern for older Americans, and it's affecting their finances and political priorities. Open enrollment for Medicare began in October, with changes in costs and coverage. Prescription drug prices remain high and that's forcing some people to ration medications. Long-term care costs have also increased significantly. Social Security's future is uncertain, with potential benefit reductions by 2034 if funding issues aren't addressed. One 83-year-old retiree from Ohio says she faces financial strain due to medical expenses despite her careful retirement planning. Barbara Weigand recently withdrew $4,000 from her retirement account to cover cancer treatment costs.
This image provided by Barbara Weigand shows Weingand, Friday, Oct. 30, 2026, in North Canton, Ohio. (Barbara Weigand via AP)
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The bond market swings, but US stocks remain steady after the Fed says it won't raise interest rates
The bond market swung, while U.S. stocks ticked higher after the Federal Reserve decided not to raise its main interest rate to bring down high inflation. The S&P 500 rose 0.3% Wednesday. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 0.3%. In the bond market, the two-year Treasury yield initially jumped after the Fed held its main interest rate steady. It then reversed course after traders pared expectations for coming hikes to rates by the Fed. Higher rates can help get high inflation under control, but they can also hurt the economy.
A healthcare worker walks inside a treatment center for Ebola patients in Beni, North Kivu province, eastern Congo, Tuesday, Oct. 27, 2026. (AP Photo/Sebastien Kitsa Musayi)
People often underestimate some expenses when planning for retirement. In my conversations with older adults about their in-retirement finance…
ALBUQUERQUE (AP) — A major hospital network in New Mexico raced to fix a cybersecurity issue on Monday that forced it to send ambulances to ot…
This photo taken with a smartphone shows the University of New Mexico Health System on Monday, Oct. 26, 2026, in Albuquerque, N.M. (AP Photo/Christopher Keller)