Happy Wednesday! In this week’s Big I Buzz: A report reveals how much the average household spends on bills. Plus, a look at how congress and executive orders will impact health care.

Typical U.S. Household Shells Out Over 24K Each Year in Bills

A recent report by Doxo found that U.S. consumers spend nearly $25,000 per year on household bills. The data showed that a typical household spends $24,695 per year or $2,058 per month, with a median annual household income of $80,610.

According to the report, the 13 most essential household bills are:

• Mortgage ($1,775), Rent ($1,453) and Auto loan ($470).
• Cable & Internet ($121), Electric ($120) Auto Insurance ($105) and Mobile Phone ($96).
• Water & Sewer ($86), Alarm & Security ($74) and Health Insurance ($72).
• Gas ($71), Waste & Recycling ($70), and Life Insurance ($60).

Read more here.

How Will Congress, Executive Orders Impact Health Care?

Congress is poised to significantly influence the U.S. health care landscape as it reconvenes from its spring recess with a focus on extending the 2017 Tax Cuts and Jobs Act. This initiative includes potential $1.5 trillion in spending reductions, with Medicaid cuts emerging as a contentious issue. To offset the cost of tax extensions, lawmakers are considering limiting the tax-preferred status of employer-provided health coverage, a substantial expense under the Internal Revenue Code. Simultaneously, executive orders under President Trump's "Make America Healthy Again" initiative aim to expand treatment options, promote preventive care, and enhance price transparency in health insurance. Read more here.

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