Had a portion of the Patient Protection and Affordable Care Act not been in place last year, a considerable number of insurance customers would not have been able to keep their children covered, a new report suggests.
According to the Commonwealth Fund, nearly 14 million young adults between the ages of 19 and 25 were able to stay on their parents' plan thanks to the passage of the Affordable Care Act. However, despite more young Americans getting the proper health coverage they need, gaps in the system remain.
For instance, nearly 40 percent of young adults 19 to 29 years old went without coverage for a prolonged period of time last year and more than one-third had so many health problems that they had compiled debt due to their medical expenses. Some were forced to pay for this debt by tapping into their life savings or using tuition money, delaying their educational pursuits.
Sara Collins, lead author of the report, noted that the full implementation of the PPACA should provide for those who have been left behind.
"The law's major insurance provisions slated for 2014, including expanded Medicaid and subsidized private plans through state insurance exchanges, will provide nearly all young adults across the income spectrum with affordable and comprehensive health plans," said Collins.