600,000 young adults get health insurance through Obamacareby Denise Early on May. 26, 2011, under Health
Kaiser Health News reports that 600,000 young adults took advantage of a provision in the Affordable Care Act that allows people under 26 to remain on their parents’ employer health insurance.
Wellpoint, the largest health insurer in the country, got 280,000 new clients as a result of the Affordable Care Act. Aetna added close to 100,000; Kaiser Permanente, about 90,000 new clients.
Here are excerpts from the Kaiser Heath News article:
Under the health law, health plans and employers must offer coverage to enrollees’ adult children until age 26 even if the young adult no longer lives with his or her parents, is not a dependent on a parent’s tax return, or is no longer a student.
According to the federal estimates, adding young adult coverage is likely to increase average family premiums by about 1 percent.
People in their 20s have the highest uninsured rate of any age group—about 30 percent, federal data show. Two factors are largely behind this: Young adults are most likely to work for employers that don’t provide coverage and young adults don’t understand the need for health insurance.
The federal government added 280,000 people to its insurance rolls because of the dependent coverage, said a spokeswoman for the Office of Personnel Management.
Before the federal law was passed, many insurers dropped coverage of children either at age 18 or 21 or when the children graduated from college. More than half the states required coverage to continue until at least age 25, but those laws often had several restrictions.
The full article can be read here: http://www.kaiserhealthnews.org/stories/2011/may/01/young-adult-health-insurance-coverage.aspx?referrer=search