Impact of the Affordable Care ActMay 13, 2010
Web posted by PAF
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