All articles tagged with #cost increases
Open enrollment for ACA health plans begins soon, but premiums are expected to rise significantly due to the expiration of tax credits, impacting over 24 million enrollees, especially in red states and among middle-income seniors, potentially increasing the uninsured rate and straining hospitals.
Small businesses in the US are facing significant challenges due to Trump's tariffs, which have increased costs for supplies and materials, limited their bargaining power, and created economic uncertainty, especially for those with fewer resources. Larger firms and higher-income households are better equipped to handle these changes, while small businesses and lower-income households are experiencing financial strain and cautious hiring, with some potentially needing to raise prices or reduce staff to survive.
President Trump's new tariffs are expected to significantly raise prices on everyday goods like clothing, food, and cars, potentially leading to increased household expenses and economic strain, especially for lower-income families.
The US-Canada trade war has led to increased tariffs, raising prices on various goods in Canada, including appliances, cars, groceries, clothing, and building materials, impacting consumers and the housing sector.