There is a lot of talk about how much Obamacare is really going to cost Americans, especially young adults. A lot of that uncertainty depends on which state you live in because of the Supreme Court’s ruling that each state can choose whether or not to expand Medicaid for people with lower incomes. Then there is the disinformation campaign coming from voices in total opposition to the law. Sifting through the noise, let’s turn to fact:
Nearly half of the single, young adults in the United States can purchase health insurance through the Affordable Care Act’s (ACA) Bronze Plan for $50 or less a month.
That according to a new report from the Department of Health and Human Services (HHS) taking data from 34 Federally-facilitated and State Partnership Marketplaces.
“Young adults ages 18 to 34 in households of any type (e.g., own-family household, single-person household, living away at college, parents’ household) account for 41 percent of the 41.3 million eligible uninsured nationwide.”
The study found that of the 7.2 million 18-34-year-olds in single-person households in the 34 states, 2.9 million are eligible to purchase exchange plans. That means they have incomes above 138% of poverty level in states that have expanded Medicaid, and incomes above 100% of poverty level in states that have not expanded Medicaid. Of the 2.9 million eligible, 1.3 milllion (46%) could qualify for a bronze plan for $50 or less with tax subsidies. A total of 1.9 million (66%) qualify for a marketplace plan of $100 or less. Another 1 million are eligible for Medicaid.