White House Report: 2.5 million More Adults Have Health Insurance
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The White House today released a new report highlighting the benefits of the Affordable Care Act. The report discusses how the Affordable Care Act has improved the health care system for millions of Americans and includes stories of Americans who have been helped by the law.
“Today, two years after we passed health care reform, more young adults have insurance, more seniors are saving money on their prescription drugs, and more Americans can rest easy knowing they won’t be dropped from their insurance plans if they get sick,” said President Obama. “The law has made a difference for millions of Americans, and over time, it will help give even more working and middle-class families the security they deserve.”
Thanks to the Affordable Care Act:
• 2.5 million more young adults have health insurance on their parent’s plan.
• 5.1 million people with Medicare saved an average of $635 on the cost of their prescription drugs. And everyone on Medicare can get preventive services like mammograms for free.
• Insurance companies must spend at least 80 percent of your premium dollars on health care and not overhead and cannot raise your premiums by 10 percent or more with no accountability.
• It is illegal for insurance companies to deny coverage to children because of a pre-existing condition. And in 2014, discriminating against anyone with a pre-existing condition will be illegal.
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