Young Adults Healthier After Passage of Obamacare, Study Finds

obamacareExpanding the number of young adults with health insurance appears to have improved their health and saved them money, according to a new study that is among the first to measure the effect of the healthcare law that President Obama signed four years ago.

Starting in 2010, the Affordable Care Act allowed adults under age 26 to remain on their parents’ health plans, the first coverage expansion to take effect under the law.

Previous surveys have indicated that this provision, which remains among the law’s most popular, allowed millions of young adults to get health insurance over the last several years.

The new study, published in the Journal of the American Medical Assn., suggests the coverage expansion also measurably increased the number of young adults who reported that they are in excellent physical and mental health.

Researchers also found a significant drop in how much young people were paying out of pocket for their medical care after the law went into effect.

“The health insurance that people are gaining seems to be doing what it is supposed to do,” said Dr. Kao-Ping Chua, a pediatrician at Boston’s Children’s Hospital and the lead author of the study.

The question of whether giving people insurance makes them healthier, in addition to protecting them against financial risk, has remained controversial as debate over the federal health law rages. The new research from Harvard University adds to growing evidence about the positive effects of insurance.
In the study of young adults, researchers

researchers used survey data from the federal Agency for Healthcare Research and Quality to compare the experiences of young adults, ages 19 to 25, who were eligible for coverage under the law, to those 26 to 34, who were not. The study covered the eight years before passage of the health law and one year after.

Insurance coverage increased markedly among the young adults, while declining slightly among the older group.

At the same time, young adults’ annual out-of-pocket medical expenses, including copays and deductibles, declined from an average of $546.11 in the period before the health law to $490 in 2011.

By contrast, annual out-of-pocket medical costs for the older group increased from an average of $626.66 to $644.82.

Younger adults also reported feeling better, with nearly 31% reporting themselves in excellent physical health after passage of the law, compared to nearly 27% giving that rating before.

The older group experienced a decline in self-reported health, with 21% reporting excellent physical health after passage of the law, compared 23% before. How insurance may have contributed to the apparent health improvements remains unclear. The researchers did not detect any meaningful increase in the use of healthcare services among while it declined among the older group in 2011.young adults after 2010. Their use of primary care remained constant.

Chua speculated that the additional protections from having health coverage may contribute to a greater sense of security and health, a phenomenon that other research on coverage expansions has detected.

Obamacare has been effectively extended by another day

dec 24thThe deadline for signing up for the Affordable Care Act, also known as Obamacare has been effectively extended by another day, the Obama administration said today.
The deadline had been Monday, Dec. 23 for people who want coverage by Jan. 1. People can now sign up through Tuesday, Dec. 24.

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2014 in 214 Words: A Really Simple Explanation of Obamacare

affordable care act


Lot of you have questions about what is coming up next year in regards to the Affordable Care Act, also know as Obamacare.
This article will answer most of your question. Visit for more help.

George Litchfield

In the following months, additional provisions of the Affordable Care Act will be available, including critical new consumer protections for Americans and their families that end the worst insurance company abuses by banning discrimination based on pre-existing health conditions, ending annual limits on what an insurance company will cover, and giving all Americans access to health care plans that cap out-of-pocket medical costs for the first time.

We wanted to debunk some of the other myths about Obamacare – here are 214 words to describe the law.

  • f you have health coverage you like, you can keep it. Children under 26 can stay on a parent’s health insurance plan.
  • If you don’t have coverage, you can use the new Health Insurance Marketplace to buy a private insurance plan.
  • Pre-existing conditions are covered. So are many preventive services and 10 essential health benefits.
  • Depending on your family size and income, you may get lower costs on monthly premiums and out-of-pocket costs.
  • You may also qualify for free or low-cost coverage from Medicaid or the Children’s Health Insurance Program (CHIP). Many states are expanding Medicaid to cover more people in 2014.
  • If you don’t have coverage in 2014 you’ll have to pay a fee. In 2014 it’s $95 per adult ($47.50 per child) or 1% of income, whichever is higher. The family max is $285.
  • If you have coverage and want to explore Marketplace plans, you can. But if you have an offer of insurance from an employer, you may not be able to get lower costs on Marketplace insurance based on your income. It depends on whether the insurance you’re offered is considered affordable and meets minimum standards.
  • Medicare isn’t part of the Marketplace. If you have Medicare, keep it.
  • Marketplace open enrollment starts October 1, 2013. It closes March 31, 2014.

–This article was written by Kasie Coccaro

To get more of your questions answered go to

California’s health-care exchange: Proof ObamaCare works?

obamacareThe Golden State’s premiums are surprisingly low. But don’t expect other states to follow suit.

The Affordable Care Act, better known as ObamaCare, has one major goal: Increasing access to affordable health care. And one of the prime mechanisms to accomplish that goal is a series of state health-care exchanges, where people without employer-provided insurance will be able to buy coverage from competing insurers.

Now, America is getting an important glimpse at that exchange system. Last week, California revealed the bids from the 13 insurance companies participating in its exchange, named Covered California.

The results are important, writes Paul Krugman in The New York Times, because while a health-care exchange has already worked in Massachusetts, critics wondered “what would happen in California, where more than a fifth of the non-elderly population is uninsured, and the individual insurance market is largely unregulated.”

The answer: Lower-than-expected premiums, averaging $321 per month. That beats previous estimates that predicted rates of at least $450

Prices would vary significantly by age and income level. For example, according to KQED Public Radio, a 21-year-old buying the least expensive plan would pay $216 per month or, with the most generous subsidy, only $44.

Peter Lee, executive director of Covered California, released a statement calling the announcement “a home run for consumers” that would ” allow millions of consumers to enroll in affordably priced products.”

The lack of sticker shock in California, which is home to 12% of the U.S population, seems like a good sign

Of the U.S. populatioin

The lack of sticker shock in California, which is home to 12 percent of the U.S. population, seems like a good sign for ObamaCare in the Golden State. But will it translate to the country as a whole?

The lure of dramatically increased market share, however, has actually caused insurers to lower their prices — which is, as Rick Ungar of Forbes points out, is “precisely what the president said would happen.”

Six states work under this model: California, Massachusetts, New York, Oregon, Rhode Island, and Vermont. Others work under the clearinghouse model, which allows health-care plans under criteria that are much less strict than the rules set by California.

The bulk of the Affordable Care Act, including the health-care exchanges, is set to go into effect on January 1, 2014. – If you or someone in your family is 65 or older and is in need of a Medicare Supplemental Plan or already has a plan, but wants to make sure that it is the right plan please give us a call (909)792-3300 or (888)891-5557 or go to our website  and we will give you a quote and help you keep money in your pocket



What’s that, a Rainbow?! – ObamaCare, Health Care Reform

rainbowAs a 14 year old boy, I remember going to the public library and checking out the book, The Power of Positive Thinking by Norman Vincent Peale. I’ve always been one to see the “glass half full, silver lining, brighter side of life”. The rainbow in the picture above, I recently took on Maui, indicates there are better days ahead.

When it comes to Health Care Reform, aka, ObamaCare, the mindset I’ve endeavored to live my whole life by  has been tested. So far, the majority of my Medicare clients have dodged the proverbial bullet. Premiums are being held at bay and benefits are richer than ever. The Individual Mandate begins on January 1st which requires All Americans to obtain health insurance or face a penalty. The good news is, if you’re under age 65, you can’t be declined coverage due to pre-existing conditions. This led advisors like me to think that premiums would shoot through the roof.

Well, last week I was invited on a webinar where the state of California announced rates and benefits for the Health Insurance Marketplace opening on October 1st. They look as good or better than I’ve seen in a long time. I can’t tell you how many people I’ve tried to help over the last 20 years, who were turned down because of this medical condition or that. Many of you with a spouse under 65 know this. They’re either uninsured or your premium has shot up.

Here is a quick example of what’s available premium wise come October 1st for a January 1st effective date.

One spouse has Medicare, the 2nd spouse is 60, household income is $30,000, the monthly premium is $150 a month after a $474 subsidy. You couldn’t be denied and the plans are excellent in benefits!

As always, we’ll be here for your Medicare planning AND to assist the spouses, children and grandchildren who are not on Medicare. Starting in August we’ll be taking appointments for your loved ones for October 1st when the Health Insurance Marketplace opens. Be sure to tell them to book their appointment early. Medicare Annual Enrollment Period is still October 15th-December 7th.

Have a Great June all,
George – If you or someone in your family is 65 or older and is in need of a Medicare Supplemental Plan or already has a plan, but wants to make sure that it is the right plan please give us a call (909)792-3300 or (888)891-5557 or go to our website  and we will give you a quote and help you keep money in your pocket