We just got a preview of the likely consequences of the “big, beautiful bill” passed by Republicans in Congress and signed by President Donald Trump: Premiums on the Affordable Care Act’s health insurance marketplaces are on track to increase 15 percent on average next year — a record-setting pace.

This comes from a new analysis of more than 100 health insurers selling plans to individuals on the ACA marketplaces that additionally found that plan premiums increases are twice that in 2025 and the highest single-year increase since 2018. According to the experts from KFF, a health policy think tank, one out of every four plans is raising its rates by 20 percent or more.

These rates are preliminary and will be finalized later this summer. Though the new rates were actually filed before the Republican “big, beautiful bill” passed in Congress earlier this month, KFF experts explain that the GOP’s agenda is playing a role in these cost increases — and it may drive prices up even more in the future.

Here’s what all of this means for you: If you buy insurance on your own through the ACA’s marketplaces, your coverage may be a lot more expensive as soon as you sign up for coverage next year. If you’re on Medicaid, the GOP’s bill creates new work requirements that will take effect next year and could put your benefits at risk. And if you get insurance through your employer, your premiums are going........

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