4 Since the ACA was implemented, nearly three million previously uninsured young Americans have obtained coverage under their parents’ health insurance policies. For instance, before the ACA took effect, nearly one in three young adults ages 19 to 26 years lacked health insurance coverage, primarily because of insufficient access to employer-provided insurance and subsidized public coverage. 2 The findings, published this spring in Health Affairs, are based on a survey of about 1,600 Americans ages 18 to 64 years.Ī closer look reveals more about these gains, particularly across racial and ethnic, economic, and age groups. The RAND report found that significant gains in health coverage are spread across all types of insurance, including employer-provided coverage, government Medicaid programs, and policies offered through the state insurance marketplaces created by the law. Source: Gallup-Healthways Well-Being Index Percentage Uninsured in the U.S., by Quarter 3 But politics aside, is the law working as intended and meeting its primary goals? It has survived an unprecedented level of scrutiny (especially by Republicans). The ACA, often referred to as Obamacare, is one of the most complex and comprehensive reforms of the American health system ever enacted. In what was considered a make-or-break case for the ACA, the court ultimately sided with the White House, ruling 6–3 on June 25, 2015, to uphold the health insurance subsidies regardless of whether the state or federal government administers the exchange. The lawsuit, known as King v Burwell, questioned whether individuals who purchase health insurance in the 34 states that have federally run health insurance exchanges are entitled to tax credits for their premiums and cost-sharing reductions. Supreme Court’s long-awaited ruling on a landmark case that had threatened to dismantle the law by revoking health insurance subsidies for millions of Americans. Meanwhile, in Britain, Prime Minister Gordon Brown said for the first time that his country is likely to fall into recession.Īnd the International Monetary Fund, which was designed to keep the world’s financial system afloat, is seeing its credibility undermined yet again by another scandal involving the personal conduct of one of its leaders.Earlier this year marked the fifth year anniversary of the signing of the Patient Protection and Affordable Care Act (ACA). The move, economists said, would allow the country to use new pension contributions To nationalize the country’s private pension system. Indeed, Argentina’s president, Cristina Fernández de Kirchner, announced Tuesday the government’s intention Recently, however, with the Chinese economy slowing during the third quarter, things aren’t looking good for major commodities It’s clear that Chinese demand for commodities will be integral to the continent’s fate. While the extent to which a global financial slowdown will hurt Latin America remains to be seen, In California, one of the hotbeds of the nation’s mortgage troubles, homes are starting to sell again. Earlier this month, Wells Fargo agreedĪfter a sell-off in Europe and Asia, shares opened down today on Wall Street, and oil prices followed suit.įaced with economic hard times, an increasing number of Americans are skimping on prescription drugs. The Charlotte, N.C.-based bank today reported the largest quarterly loss by any lender in the United States during the current financial crisis. While there have been signs this week that the icy credit markets are thawing, Wachovia provided a reminder that the nation’s banking
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