Whether they have coverage through their employee benefits or if have purchased a plan through a private insurer, the vast majority of younger Americans believe that their premiums will rise once healthcare reform is fully enacted, a new poll reveals.
According to nonprofit issue advocacy group American Action Forum, of the 801 Americans aged between 18 and 41 who were surveyed, nearly two-thirds recently indicated that they expect their insurance rates to jump in 2014. Meanwhile, less than one in every 10 – or roughly 9 percent – said that they would likely decrease.
While some were willing to accept the hike in premiums, some pointed out that they may even drop coverage if their expenses go above a certain threshold. For example, the poll found that if rates elevate by 30 percent in 2014, 45 percent of respondents indicated that they will drop coverage and opt to pay the penalty that the government will impose.
With opponents and supporters of the health reform law differing on what type of a financial impact the Patient Protection and Affordable Care Act will have on health costs, there's universal agreement that accessibility has improved, specifically among young people. Shortly after the ACA was signed into law, adult children were able to stay on their parents' plans until they turned 26.
