How has Obamacare Affected California Health Insurance?
The Affordable Care Act -- also known as Obamacare -- has improved access to health insurance and health care for millions of Californians. Those reforms that likely impact you most include:
- No more disqualification because of a preexisting medical condition.
- No more lifetime limits on essential health benefits, which is great news for approximately 12 million Californians.
- Children who are dependent on their parents can stay on their parent’s plan until age 26. This has been very beneficial to roughly 435,000 young adults, many of whom are college students, who did not qualify for coverage before.
- Existing policies cannot be cancelled due to minor omissions or unintentional mistakes on an initial application.
- A vast majority of premiums must be spent on medical care and preventative activities.
- Medicare plan participants are now provided with free preventive services, including cancer screenings and annual wellness exams;
- Medi-Cal expanded to low income adults and caretaker/parent relatives.
- Seniors save on brand-name prescription drugs.
How Many Californians are Impacted by Obamacare?
It is estimated that almost 10.5 million Californians under the age of 65 -- or 31% of the state’s population -- are either uninsured or underinsured. In addition, it is estimated that another 3.1 million Californians are currently paying too much for health insurance premiums, or the maximum cost threshold established by the Affordable Care Act.*
What these numbers mean is that over 4 million Californians can immediately and extremely benefit from Obamacare. A lot of people either do not have health insurance, or are paying too much.