Data: Gallup; Chart: Axios Visuals

The number of Americans who worry about bankruptcy if they have a serious health issue has spiked over the last year and a half — particularly among men, people of color and young adults, according to a new survey from West Health and Gallup.

Between the lines: Health care costs were a huge issue even when the economy was good and we weren't in a global pandemic. Now, millions of people have gotten sick, lost their jobs, lost their health insurance, or all three.

Details: 15% of adults said that at least one person in their household has medical debt that they won't be able to repay within the next year, including 20% of adults of color and 12% of white adults.

  • Unsurprisingly, a much larger percentage of lower-income households say the same, compared to higher-income households.
  • A quarter of adults say that they'd have to borrow money to pay a $500 medical bill.

The bottom line: The pandemic is making all of our existing health care problems worse.

Go deeper

Caitlin Owens, author of Vitals
Sep 24, 2020 - Health

Reopening the ACA debate is politically risky for GOP

Data: Kaiser Family Foundation, The Cook Political Report; Notes: Those losing insurance includes 2020 ACA marketplace enrollment and 2019 Medicaid expansion enrollment among newly-eligible enrollees. Close races are those defined as "Toss up" or "Lean R/D"; Table: Andrew Witherspoon/Axios

The sudden uncertainty surrounding the future of the Affordable Care Act could be an enormous political liability for Republicans in key states come November.

Between the lines: Millions of people in crucial presidential and Senate battlegrounds would lose their health care coverage if the Supreme Court strikes down the law, as the Trump administration is urging it to.

Dion Rabouin, author of Markets
Sep 24, 2020 - Economy & Business

Citi: Racism cost U.S. economy $16 trillion

Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Image

Since 2000, U.S. GDP has lost $16 trillion as a result of anti-Black discrimination, a new study from Citi global economist Dana Peterson and global chief economist Catherine Mann finds.

What they're saying: "The analysis in the report that follows shows that if four key racial gaps for Blacks — wages, education, housing, and investment — were closed 20 years ago, $16 trillion could have been added to the U.S. economy," Citi vice chairman Raymond J. McGuire says in the report.

Mike Allen, author of AM
1 hour ago - Politics & Policy

Biden pushes unity message in new TV wave

A fresh Joe Biden ad, "New Start," signals an effort by his campaign to make unity a central theme, underscoring a new passage in his stump speech that says he won't be a president just for Democrats but for all Americans.

What he's saying: The ad — which began Friday night, and is a follow-up to "Fresh Start" — draws from a Biden speech earlier in the week in Manitowoc, Wisconsin: