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10 Million People Have Received Health Insurance in Past Year

Posted on January 30, 2012 by admin

Upon its establishment, the creators of the Affordable Care Act set out to get more Americans health insurance than ever before. By expanding Medicaid and changing the laws that health insurance companies abide by (such as mandating the coverage of preexisting conditions), members of the Obama administration claim that they have achieved their goal.

In the healthcare law’s first year, more than seven million people enrolled in the health insurance exchanges created by Obamacare. A recent survey done by the Urban Institute indicates that more than 10 million people received health insurance since the launch of the Health Insurance Marketplace. What was once a 17.7 percent uninsured rate in the country has now plummeted to just 12.4 percent.

Between September of 2013 and September 2014, 10.6 million people have gotten coverage. The expansion of Medicaid in 28 states (including Washington D.C.) and the implementation of health insurance exchanges across the country have played a prominent role. In addition, because business owners now have to meet stricter regulations on who must be covered within their workplace, more employees are receiving employer-based health insurance.

The Robert Wood Johnson Foundation supported the study, noting that the survey indicates that “uninsured adults ages 18 to 64 gained coverage across all age, gender, race and ethnicity groups.” There is one prevalent faction that is receiving more care than others. The playing field for health insurance has become level with so many health insurance companies competing within the same marketplace, and lowering their prices because of the easy access Americans now have to coverage. The affordability injected into the coverage sector by Obamacare is affording every group of Americans the opportunity to get covered.

This 10.6 million is expected to almost double in the next year. Experts project an additional nine million enrollees this year, and only weeks into the second open-enrollment period, 765,000 people have obtained health insurance.