The new insurance options set forth in the Affordable Care Act (ACA) seem to have hit the proverbial nail on the head. As reported yesterday by UPI.com, insurance plans are now seeing a boost in enrollment as a result of the new changes.
Large growth in numbers – to the tune of 600,000 additional people with coverage by the end of the first quarter of the year – is attributed to the new provision which allows young adults to stay on their parents’ insurance until the age of 26.
As a result of this influx of young, relatively healthy people into the insurance market, health plans also posted record profits nationwide.
To add to the mix, 46% more small businesses (<10 employees) are said to now be offering health insurance to their employees as a result of the new tax credits available under the ACA.
To read the full UPI article, click here.