Skip to content

Top 4 Reasons That Young Adults Won’t Sign Up for the Affordable Care Act – ABC News

By Napala Pratini, NerdWallet

The U.S. Department of Health and Human Services has released data showing that 55 percent of Americans who enrolled in plans under the Affordable Care Act (ACA) in the first three months were between the ages of 45 and 64. The report from January showed a whopping one-third of enrollees were aged 55 and older—people just shy of coverage under Medicare, and more likely to get sick or to have pre-existing health conditions. Only 24 percent of the 2.2 million who have signed up are between the ages of 18 and 34, well below the Obama administration’s target of around 40 percent. A new study on the cost of insurance for young adults reveals why young adults may opt out of purchasing health insurance through the marketplace.

1. Most young adults are in the “healthy majority”
2. Being healthy doesn’t entitle you to a big break on insurance costs
3. Emergencies don’t necessarily cost less with insurance
4. For the healthy majority, being uninsured is 5 times cheaper than being insured

Read the Rest @ Top 4 Reasons That Young Adults Won’t Sign Up for the Affordable Care Act – ABC News.

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: