For $50 or less per month, 1.3 million single, young Americans can purchase health insurance through the Affordable Care Act’s (ACA) Bronze Plan according to a new report from the Department of Health and Human Services (HHS).
In total, that’s 46 percent of single, young adults living in the United States who are Marketplace-eligible and uninsured; that percentage increases even more to 66 percent for those who can purchase plans for $100 or less per month.
This report pulls data from the 34 Federally-facilitated and State Partnership Marketplaces and finds that 2.9 million single, young adults between 18 and 34 years of age may be eligible for these plans.
HHS Secretary Kathleen Sebelius has highlighted this data as a key factor for Millennials in need of health insurance who can now purchase plans at a reasonable price via the ACA.
“The health care law is making health insurance more affordable for young adults,” Sebelius said. “With nearly half of single, Marketplace-eligible uninsured young adults able to get coverage at $50 or less per month, the health care law is delivering the quality, affordable coverage people are looking for.”
The report also foreshadows more positive news for young Americans seeking health insurance, but without breaking the bank.
If each of the 34 states expanded its Medicaid program, the total number of young Americans who could buy reasonably priced health insurance plans increases significantly—4.9 million uninsured single, young adults could purchase these plans.
Anne Johnson, Executive Director of Generation Progress, sees the report as excellent news for millions of young Americans.
“Not only do Millennials have access to quality health care and added protections under the Affordable Care Act, but evidence increasingly shows that coverage will be more affordable. I’m thrilled to see almost half of single, uninsured Millennials are eligible for coverage at $50 or less per month,” Johnson said. “Millennials approve of Obamacare, and it is reassuring to know that quality care will be more affordable.”