Standing up for young americans

Only 27 percent of Millennials understand Obamacare

The Facts

  • Last week, the House of Representatives passed a bill that would keep the government from shutting down through December. The bill also included a measure to eliminate all funding for Obamacare.

  • There have been 42 votes to repeal Obamacare in the House, even though the bill was passed by a majority Congress in both houses of Congress, was signed into law by the President, and was upheld by the Supreme Court.

  • The new health care exchanges begin on October 1st, however polling by the Commonwealth Fund found that 73% of millennials are still in the dark about Obamacare and what it means for them. Here are some important facts:

  • About 19 million young adults (age 18 to 34) lack health insurance. Polling from Young Invincibles shows that less than 5 percent of millennials actually choose not to have it—the number one reason being–the cost.

  • 15 million young adults were able to stay on their parents health insurance plan this year due to the Affordable Care Act.

  • Of the 8.2 million 19 to 25 years olds without health insurance, over 90% will be eligible for free or reduced-cost coverage once the new health insurance exchanges open.

Why We Should Care

  • Although young people tend to be healthier than older Americans, everyone needs medical services at some point and having health insurance protects you from the unexpected. Without insurance, it costs $7,500 to fix a broken arm and the average hospital stay is $10,000 per day.

  • Starting in 2014, individuals who chose to opt-out of healthcare will be charged a fine of $95 per adult or 1 percent of household income, whichever is greater. The fine will rise to $695 or 2.5 percent in 2016.

Our Time Opinion

Friends don’t let friends get fined. Make sure you get covered starting on October 1st.

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