Quote of the Day – September 20, 2012
Overall, the rate and number of people without insurance coverage dropped in 2011 for the first time since 2007, in spite of the recession, contrary to most expert predictions [...] The largest drop in the uninsured was among the 19-25 age group, clearly fueled by the ACA provision allowing young adults to stay on their parents’ health insurance as dependents up to age 26. The Obama Administration estimates that three million people have gained coverage through this provision.
On another front, one of the main messages of the Census Report was the ongoing exacerbation of income inequality in the U.S. (with the bottom four-fifths of the population losing ground, and the top fifth gaining). There is a health insurance side to that story. In 2011, the uninsured rate grew the lower a family’s income was: 25.4 percent of those with household income less than $25,000 were uninsured, compared to 7.8 percent of those in households with income over $75,000. -Excerpted from John Bouman’s article,”Affordable Care Act Trumps Recession’s Impact on Health Insurance Coverage” originally published on The Huffington Post.