ICYMI: CLEVELAND.COM: TRUMP POLICIES HAVE COST OHIO HOUSEHOLDS THOUSANDS SINCE JANUARY 2025, REPORT FINDS - Insurance News | InsuranceNewsNet

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July 3, 2026 Newswires
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ICYMI: CLEVELAND.COM: TRUMP POLICIES HAVE COST OHIO HOUSEHOLDS THOUSANDS SINCE JANUARY 2025, REPORT FINDS

States News Service

The following information was released by the Ohio Democratic Party:

New reportingis once again detailing the stark reality facing Ohio families as they have paid approximately "$2,175 more for gas, utilities and groceries and thousands of dollars more in health insurance premiums for those on the ACA marketplace since January 2025 due to federal policies enacted during President Donald Trump's second term." This new analysis from the Center for American Progress Action Fund is also slamming Republicans in Washington, like Max Miller, Mike Turner and Mike Carey, saying "Congress voted to let the costs fall on their constituents."

"This report highlights what Ohio families already know: Trump has not only failed to bring down prices for Ohioans, he has made essentials like food, utilities, and healthcare more expensive,"said Ohio Democratic Party Communications Director Marisa Nahem."While Trump and his friends keep lining their own pockets and pushing for deeply unpopular policies, like their tariffs, reckless war with Iran, and devastating healthcare cuts, Ohioans are fed up and they're going to hold Republicans accountable for it in November."

While Trump hasadmittedthat he doesn't think about the financial pain Americans are feeling under his economy, read more about how Trump and Washington Republicans' economic policies are hurting Ohio families:

Cleveland.com:Trump policies have cost Ohio households thousands since January 2025, report finds

Ohio families have paid approximately $2,175 more for gas, utilities and groceries and thousands of dollars more in health insurance premiums for those on the ACA marketplace since January 2025 due to federal policies enacted during President Donald Trump's second term, according to a report released Wednesday by the Center for American Progress Action Fund.

The analysis places Ohio 13th among all states for increases in total household costs, with the higher end of the range applying to families who purchase health insurance through the Affordable Care Act marketplace.

The report attributes the cost increases to four key policy decisions: the war with Iran that drove up gas prices, cuts to clean energy investments, which led to higher utility bills, blanket tariffs that increased prices on imported goods, and the expiration of enhanced Affordable Care Act (ACA) premium tax credits.

Ohio households have spent an additional $270 on gasoline through June 30 since the U.S. began military action against Iran on Feb. 28, according to data from Brown University's Climate Solutions Lab, cited in the report.

Ohioans are also paying hundreds more in higher utility costs, with households in the top ten states paying an additional $395 on average through June, the report found. That figure could increase by more than 25% by year's end.

The average American household paid approximately $1,574 more through June for goods affected by Trump administration tariffs, according to the report's analysis of U.S. Customs data and estimates from the Yale Budget Lab.

For the millions of Americans who purchase health insurance through ACA marketplaces, premiums increased sharply after enhanced premium tax credits expired on Dec. 31, 2025.

In Ohio, a family of four with two 45-year-old adults and two children earning $66,000 annually now pays approximately $3,688 more for coverage through June, with that figure projected to reach more than $6,000 for the full year.

By the end of 2026, the report projects Ohio households will have paid $3,300 in additional costs for gas, utilities and tariffs. For families purchasing ACA marketplace coverage, the total reaches $6,325 when increased premiums are included.

The rising costs borne by Ohio families and Americans nationwide stand in sharp contrast to President Trump's personal financial fortunes during the same period.

Trump's 2025 financial disclosure forms, released in May 2026, showed his reported income soared to more than $2.2 billion in 2025nearly four times his reported income the previous year, according to The Washington Post.

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