The United States Department of Health and Human Services released a study in the New England Journal of Medicine recently that estimated 10.3 million previously uninsured adults now have quality health care coverage as a result of the first ever open enrollment period on the Health Insurance Marketplace.
And thanks to the payment reforms under the Affordable Care Act 5.3 million less adults across the nation reported a difficulty in paying for medical care within the first six months of gaining coverage.
These coverage gains do not include the more than 3 million young adults who gained health insurance coverage through their parents’ plans.
The majority of those newly insured are low income adults who live in states that engaged in Medicaid expansion or adults whose incomes render them eligible for a Marketplace subsidy. In Massachusetts, thanks these Marketplace subsidies, residents have received over $15 million in health insurance refunds, or about $133 per eligible family.
These numbers for the first year alone are promising for the future success of the Affordable Care Act and highlight the most impactful and essential benefit of the Affordable Care Act: higher quality health care at a less expensive cost for all.
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