September 22, 2011- On Wednesday, new government statistics showed that over one million new adults are covered by health insurance policies. The Obama administration is crediting the recent health care law for making the one million able to qualify for health care polices.
However, not all the news is good, as young adults between 19 and 25 with health care has increased, at the same time older policyholders in the United States are losing their benefits because the economic crisis has not stopped.
The Affordable Care Act as of September of this year allowed adults who were 26 or younger to stay insured under their parents’ insurance plans. Before the Act, children could only be on their parents’ coverage if they were enrolled in college or resided in states with similar laws to the Affordable Car Act.
By the end of March 2011, young adults between 19 and 25 with heath coverage had increased by over 3.5% or by about 900,000 compared to the same timeframe in 2010.
Reports show that insurance coverage for young adults increased by 4% between the first quarter of 2011 and the second quarter of the same year. Additionally, coverage increased for young adults by 2% between 2010 and 2011 says a new U.S. Census report.
Nevertheless, more and more older Americans are without insurance as the economy continues to be sluggish.