AP: New report today shows 2.5 million young adults added coverage since passage of Affordable Care Act

Federal DHHS report to be released today will show that 2.5 million young adults have gained coverage because of the Affordable Care Act.  One of the first significant provisions of the ACA to go into effect was the requirement of insurance companies that they allow parents to keep children on  parents’ health insurance plans until they turn 26.  This number is double what was previously thought and shows one of the first huge benefits of national health care reform law.

2 Comments

  1. William

    December 14, 2011 at 4:40 pm

    Most of these folks would have been better off getting a low cost HSA in the private market that would be portable when they reach age 26. Premiums paid by the parents under current plans is much more expensive.

  2. Lou Meyers

    December 15, 2011 at 9:17 am

    Better off with an HSA? Maybe, if they never get chronically ill — then they’ll be living in their parents basement for the rest of their life. And that’s provided that their parents are affluent enough so they won’t have to sell their house to pay for their kid’s medical bills.

    Every HSA policy should be stamped with the WARNING: don’t purchase unless you are foolish enough to believe a serious chronic condition can’t happen to you.