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By Rhonda Brown
May 20, 2014
Caption : The Journal of Health Economics has conducted a new study find that Obamacare's provisions to remain on their parents’ plan until the age of 26 gives young Americans flexibility in their careers and education endeavors.     

The Journal of Health Economics has conducted a new study find that Obamacare’s provisions to remain on their parents’ plan until the age of 26 gives young Americans flexibility in their careers and education endeavors. In the long run, researchers believe that they could potentially increase four percent of their income.

Researchers studied state-based laws that were enacted before Obamacare that are very similar. They also found that people who were at least 18 by the time the state enacted the law had a two percent increase in wage after they turn 22.

A post by ThinkProgress explains why:

“Since those adult children didn’t have to worry about finding a way to get health insurance, they were free to make different decisions about their early careers. In some cases, their college tuition was cheaper because they no longer had to purchase a student health plan. In other cases, they were free to accept nontraditional jobs that didn’t offer insurance. Or they were more likely to go back to school in their early 20s because they didn’t need to work in order to have access to health benefits.”

Researchers found that wage increases continued after individuals turned 26 and could no longer stay on their parents’ plans.

When comparing these findings, Obamacare has the potential to have a bigger impact since the law is now implemented in each state and young Americans could see an increase close to four percent in “sustained” wages.

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