June 9, 2012

But Obamacare Throws a Lifeline

1 Health Costs Crippling Young US Adults

According to a survey by the Commonwealth Fund, soaring health care and health insurance costs, and gaps in health plans' coverage, have placed millions of young U.S. adults in a severe financial bind. Among persons aged 19 to 29, 41 percent overall, and 60 percent of the uninsured, failed to get appropriate medical treatment, tests, medications or diagnoses in the past year due to the cost. 36 percent are either paying off medical debts or having trouble doing so, and of that group, 43 percent have lost their life savings, 31 percent have suspended their educational or career plans, and 28 percent have had to scrape to afford food and rent because of medical bills. Nearly half of those 19-25 have joined or stayed on their parents’ health plans since passage of the Affordable Care Act.

More at Money.cnn.com | Posted 5 years ago by Robert S. Wieder

Tags: Affordable Care Act, Health Care Costs, Health Insurance, Obamacare, Medical Costs, U.S. Health Care, Young Adults Health, Young Adults Finances, Young Adult Health Care

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