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Did You Know…

 

Prior to the ACA’s individual mandate to obtain health insurance, more than 40 million non-elderly remained uninsured. Without a mandate, private health insurance would drop by 11 million, while non-group premiums would increase anywhere from 10 to 25 percent.

In 2011, almost 4 million Medicare recipients received a total of $2.1 billion in discounts for out-of-pocket prescription drugs. Under the Affordable Care Act (ACA), that comes to an average savings of more than $604 per person. The new health care reform law, commonly known as “Obamacare”, requires pharmaceutical companies to provide discounted brand name drugs to seniors and the disabled. It also subsidizes generic drugs.

Also in 2011, 48.6 million Americans went without health insurance coverage. That translates to 15.7 percent of all Americans!

Due to the ACA, Americans can no longer be denied coverage because of preexisting conditions. This means they will have access to insurance when they need it most, minus the traditional lifetime and annual benefit limits.

Even with the mandate put forth by Obamacare, designed to provide quality, affordable coverage options to individuals and families, approximately 29 million are still expected to be uninsured in 2019.

Prior to the ACA going into effect, 7 million children nationwide, or 9.4 percent, did not have health insurance.

The majority of states cover children in families earning up to 200 percent of the Federal Poverty Level (FPL). That comes to about $44,000 per year for a family of four, for example. Eligibility levels in each state vary based on family size and other factors, including costs of living.

Uninsured kids are 70 percent less likely than insured kids to get medical care for everyday conditions like sore throat, which tends to cause these little problems to eventually develop into bigger and more serious ones.

Children covered by CHIP or Medicaid tend to have a higher quality of care than kids who are uninsured. They also go to the doctor more often, but the emergency room less. Children who have health coverage also miss less school than uninsured children.

A grave injury or illness can clean out a family’s bank account if they are uninsured, or even just underinsured. In fact, upwards of 60 percent of U.S. bankruptcies are attributed to medical costs.

Having a job doesn’t guarantee coverage: Nearly 80 percent of the uninsured come from working families.

When it comes to being uninsured, the numbers go up in communities of color. Take 2011, for example: 30.1 percent of Hispanics were uninsured; 19.5 percent of African Americans; and 16.8 percent of Asians. This, compared to only 11.1 percent of non-Hispanic whites.

Approximately 22,000 Americans die every year due in part to a lack of proper health insurance coverage. Very simply put, access to proper care can make all the difference between life and death.

For more information on health insurance carriers, visit Health Plan One now! Or for Medicare information in particular, visit Medicare Solutions!

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