Executive Summary
This brief summarizes the extension of dependant coverage to adult children up to age 26. With little restrictions adult children may remain on their parent’s insurance until the age of 26. While this policy greatly eases the strain of starting a career in the current economic environment, does it truly benefit the young adult cohort? This brief examines the impact on the college graduate specifically. A thorough epidemiologic study needs to be undertaken to evaluate the effects the policy has on the cohort. More affordable insurance plans tailored for young adults with a focus on prevention could also help the cohort make the transition from college to career. There are pros and cons to each option. A thorough
…show more content…
Background The extension of dependant coverage mandates that group plans and any individual plan that covers dependants must cover adult children regardless of the child’s martial status, enrollment in higher education, or eligibility for an employer plan (Healthcare.gov). The adult child does not even have to live with the parents or be claimed as a dependant on the parent’s tax returns. This coverage lasts until the child is 26 years old. Previously, many plans had stopped coverage at “19 or upon college graduation” (Goldman, 2013).
Starting in the late 2000’s, the downed economy had job growth at record lows and the prospects for recent graduates were not good, though things have started to look up (Coffey, 2015). However, with or without job prospects, in 2013 seven out of ten college graduates had an average of $28,400 in student loan debt (Institute for College Access and Success, 2013). This burden on young adults makes even the thought of affording health insurance a pipe dream. Within the first year of the ACA, the young adult cohort was 30% more likely to be on their parents insurance and the rates of uninsured individuals had fallen five percentage points (Goldman, 2013).
Concerns The dependant extension was widely trumpeted as a success of the ACA. Young college graduates start out in their careers in a much different way
In any case, 18-24 year-old were the main age gathering to encounter a significant decrease in the rate without insurance over the previous year, from 29.3% in 2009 to 27.2% in 2010, which speaks to 500,000 less youthful grown-ups without medical coverage. The Affordable Care Act permits kids to stay on their folks arranges until age 26, and this approach produced results for protection arrange recharges starting on September 23, 2010.
The Affordable Care Act of 2010 (ACA) was designed to make medical insurance coverage affordable for all American citizens. Provisions were established to make certain uninsured individuals and no or low-income households can qualify for Medicaid or coverage through one of the health insurance marketplace exchange. North Carolina is viewed as an example of the impact the ACA would have on the nation. North Carolina is one of the states that chose not to expand Medicaid (Holmes, 2013). In this paper, I will explain my analysis of the impact of the ACA on North Carolina’s adolescent and young adult, working, non-working, and childless adult population.
This law was implemented in September 2010. Until then, young non-student adults were dropped from their parents’ private insurance at age 19 and students at age 23(Barbaresco et al, 2015). Studies have shown that the implementation of this provision would help reduce the rates of mortality and morbidity, improve regular access to healthcare without financial constraints and a healthier transition to adulthood (Carlson et al, 2014). By expanding protection scope choices, supporters of the ACA are idealistic that entrance to social insurance will likewise increment. Early ACA information underpins expanded human services get to and use, as less young adults report postponing or doing without medical care because of cost (Carlson et al, 2014). The ACA provision to expand coverage for young adults pledges guarantee for enhancing access to preventive care. Due to the ACA, an extensive variety of preventive services is accessible, with no copayment, to young adult with private insurance and the individuals who are recently qualified through Medicaid in states embracing the ACA Medicaid extension (Lau et al,
Notable items include raising the dependent children age to 26 with no caveats regarding college attendance, eliminating the insurer’s right to refuse coverage of pre-existing conditions, abolishing cost limitations of patient care, mandating rebates of unused premiums, and offering preventative patient exams and physicals at no expense to the sponsor. An unpopular provision is the 40% excise tax employers, or insurers will pay for plans where the premiums exceed $10,200 per person or $27,500 per family in a year (The White House, n.d.b).
The Affordable Care Act (ACA) was passed on March 23, 2010, with intentions of providing, expanding and all the while reducing the cost of health insurance to millions of small businesses, underinsured or non-insured Americans (Harrington, 2016). More importantly, the ACA requires each American native to get medical coverage or generally pay to assess under premiums in which Americans can afford. Enlistment involves a basic join technique, which is either done through a medical coverage commercial center, an agent or an immediate supplier. The ACA works by giving cost endowments to direct wage workers and private companies through saddling medicinal services supporters and high-wage workers (Harrington, 2016).
While the ACA has been successful in reducing the rate of uninsured, it has failed in a number of other areas. Data organized by age reveals significant problems when it comes to groups who are uninsured, we can see a stark contrast between age groups. Among the 15.7% of Americans that are uninsured, approximately 55.2% of those are comprised of Americans aged 19 to 34 years of age. This is relatively unsurprising as young people have always been less likely to purchase health insurance as the result of what many have described as some sort of invincibility complex. The data on uninsured Americans becomes truly interesting when analyzing the data as it relates to race and ethnicity. Whites compromise 64.3%
History was made as the President of the United States signed the Patient Protection and Affordable Care Act into law on March 23, 2010. The Patient Protection and Affordable Care Act (PPACA) delivers access to quality, affordable health care to all Americans. The breakthrough legislation, passed in March of 2010, represents the most significant government expansion and regulatory overhaul of the country’s healthcare system since the passage of Medicare and Medicaid in 1965 (Dix, 2013). The PPACA promises to reduce health disparities, improve access to preventative services, improve health outcomes and reduce healthcare spending. As stated by the Congressional Budget Office (CBO), the PPACA will provide coverage to more than 94 percent of
The Patient Protection and Affordable Care Act (ACA) was implemented in March of 2010 by President Barak Obama. The Patient Protection and Affordable Care Act, more commonly known as Obama care went into effect on January 1st of 2014. More than half of the United States of America was uninsured before the ACA was put into effect. The goal of the ACA is to provide those who fall in the “gap” with health insurance.
Signed into law by President Barack Obama on March 23, 2010, the Patient Protection and Affordable Care Act (PPACA), or Affordable Care Act (ACA), ushered in a new era in the way Americans get their medical care (coverage). Guaranteeing new consumer protections and creating insurance exchanges to facilitate greater access and affordability by reducing premiums and costs for tens of millions of Americans. When passed, the ACA allowed for states to expand access to Medicaid to those previously ineligible, including some people above the Federal Poverty Level (FPL), and in its five years since passage the law has faced challenges to its component pieces, its legality, and constitutionality all together. A Supreme Court decision in 2012 ruled a key element of the ACA, the expansion of Medicaid, to be optional for the states. From that decision, 24 states and the District of Columbia have chosen the expansion option and seen success, while opposition in other states has led to efforts to block expansion, invoking a sophistic response where those living above the FPL receive federal subsidies and the most in need are left without coverage. The success of the ACA in non-expansion states – Georgia, in particular, here - depends on the state governance to make available the expansion of Medicaid for the population of their states, including opening doors for patient navigators to reach into local communities and raise awareness.
The authors of the article examine the Patient Protection and Affordable Care Act and talks about the effects it is going to have on the U.S. healthcare system. The ACA plans to do things like lower healthcare expenditures and make healthcare more accessible. It also plans to get 25 million previously uninsured Americans insured by 2019. The Patient Protection and Affordable Care Act was enacted on March 23, 2010 by President Barack Obama marking it the greatest policy change since the 1960s when Medicare and Medicaid was created.
A current important issue in healthcare is the addition of the Patient Protection and Affordable Care Act (ACA). This program is for families and individuals with limited resources and low income. This program ensures that individuals who fall under these categories are able to have medical and financial benefits (Martin, 2015). The Affordable Care Act is a program that has expanded the eligibility for more citizens to receive benefits under Medicaid. Citizens that fall under the poverty line now qualify for coverage in all states that have a Medicaid program. In the United States, Medicaid and ACA is the largest source of funding of medical services for people with low income (Martin, 2015). This act was predominately passed to help
As part of the Medicaid expansion, newly eligible adults must be offered alternative benefit plans (Medicaid and CHIP Payment and Access Commission [MACPAC], n.d.). Plans must provide 10 essential health benefits; none include dental
This means in the long run that all uninsured Americans will still have the option to buy health insurance through the state or federal exchanges.
The U.S. Census Bureau (2011) estimated the number of uninsured Americans to be 49.9 million in 2010. Provisions in this act are expected to expand coverage to 32 million of these uninsured people by 2019. One of the major provisions that will bring down the uninsured number is the allowance for “children” up to the age of 26 to be enrolled on their parents’ health insurance policy. The Congressional Budget Office
In an attempt to make the healthcare better and more affordable, the Act made some big changes that however, will come in