Young people may benefit most from Obamacare
Despite dire predictions of "rate shock" for millennials, most of today's young adults are best positioned to benefit from health care reform, thanks to federal subsidies that should make quality health insurance affordable for this largely unmarried, lower-earning population beginning in 2014.
Jen Mishory, deputy director of Young Invincibles, a young adult advocacy group based in Washington, D.C., says there are an estimated 21 million young Americans who are uninsured, and the overwhelming majority of them have incomes in the low-to-moderate range. Most will be eligible to purchase affordable coverage with federal assistance through the new state exchanges.
Many millennials who do have health coverage are insured through a parent's plan until they turn 26 -- another perk of health care reform.
"Young people are going to disproportionately be the largest beneficiaries of the Affordable Care Act," predicts Ron Pollack, executive director of the health care consumer group Families USA.