Health Insurance News

There are almost 35 million people are in the young adult age group. The number of young adults without health insurance is decreasing significantly in this age group. The latest survey, released yesterday, finds that during the second quarter of this year, adults between the ages of 18 and 25 without health insurance has dropped from 28 percent to 24 percent. This 4 percent drop is a major improvement for this age group. This means that one million more young adults today have health insurance.

According to President Barack Obama's health care law enacted last fall, adult children are allowed to remain on a parent's plan until they turn 26 years of age. Unfortunately, the provision of this law wasn't implemented by most health plans in the workforce until January 1st of this year even though it came into effect last fall. The four percent drop in young adults without health insurance is due to this new law.

The importance of these young adults having health care in an economy that has proved not to be kind to anyone seeking employment cannot be ignored or downplayed. Finding a good job continues to be increasingly difficult. This young adult age group is currently the only age group in the nation that is seeing a decline in non- insured individuals. When compared to all other groups that continue to see a rise in Americans without health care, this is significant.

This law being enacted is also a new found blessing to many families due to the new world atmosphere this nation is entering where jobs are being competed for by the world's graduating population. For the most part graduates are uninsured until they can secure employment, which for some of these individuals could be a long stretch without health insurance. There are more announcements coming concerning young adult health insurance. The initial and big change occurred in the 2010 final quarter and has continued through the first part of 2011. This witnessed an immediate change in the number of young adults being covered by health care coverage.

The uninsured Americans young adult age group is among the highest number of the uninsured. Experts believe that this is due to the time frame between school and a job. They are the graduated that has yet to find reasonable employment. Many of those who are working only have found low-wage or minimum-wage jobs where there is no health coverage being offered. Another percentage of the young adult population choose to refuse employer based health insurance because they value the extra money over the coverage. The hopes for everyone concerned is that there will continue to be a decrease in the number of young adults without health care that will extend well into the future.