Good And Bad Health Insurance News
There are almost 35 million people are in the young adult age group
. The number of young adults without health insurance is decreasing significantly in this age group. The latest survey, released yesterday, finds that during the second quarter of this year, adults between the ages of 18 and 25 without health insurance has dropped from 28 percent to 24 percent. This 4 percent drop is a major improvement for this age group. This means that one million more young adults today have health insurance.The new health care law that was enacted by President Barack Obama last fall, enabled adult children to remain active on their parent's plan until they turned 26, but unfortunately this law's provisions didn't get implemented by the workforce health plans. It wasn't until January 1st 2011 that this law was finally followed even though it was already months old. This law change it is believed is the prime reason for the sudden increase in young adults enjoying health insurance coverage.
The difficulty of young adults getting jobs in the economy of today makes the availability of health care even more important to this age group. This age group is also representative of the only group that is enjoying a drop in non-insured recipients. All the other groups of the population is continuing to experience a rise in Americans without health care coverage.
This law being enacted is also a new found blessing to many families due to the new world atmosphere this nation is entering where jobs are being competed for by the world's graduating population. For the most part graduates are uninsured until they can secure employment, which for some of these individuals could be a long stretch without health insurance. There are more announcements coming concerning young adult health insurance. The initial and big change occurred in the 2010 final quarter and has continued through the first part of 2011. This witnessed an immediate change in the number of young adults being covered by health care coverage.
Young American adults represent the highest numbered age group without health insurance of any group of Americans. One of the reasons is the gap between graduating and employment is getting longer and longer. Many graduates simply cannot find employment and many that are working are laboring in low or minimum wage jobs were health care coverage is not part of the benefits package and a percentage of these young adults who do have jobs that offer health care coverage refuse the coverage in favor of pocketing the extra money generally spend on the premium. Many people have hopes that the decrease in adults not being covered will continue into the future.
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