Impact of the Affordable Care Act
The Affordable Care Act will have an immediate impact on more than 1.2 million Americans. The White House conducted a conference call announcing extended health care coverage for young adults under this new Act.
A brief summary of the conference's highlights include:
- Young adults have less access to employer health coverage than any other age group.
- People in their 20's are twice as likely to be uninsured than any other age group.
- Under the Affordable Care Act parents can now keep their young adult children on their insurance plans through age 26 beginning on 9/23/10.
- The big announcement on Monday's call was that 65 major insurance companies are offering this extended coverage effective immediately to avoid another round of young graduates facing disenrollment.
- This Act does not provide a retroactive benefit and therefore does not require insurers to cover young adults under age 26 who had been previously dis-enrolled from a parent's policy.
This Act does not address extended Medicaid benefits for foster children and therefore those benefits will still term according to the state's eligibility requirements.
View the White House public statement