Wednesday, March 21, 2012

So how is the Affordable Care Act working out for you?

After its first two years, the Affordable Care Act is working out very well for many, many Washingtonians.

Insurance Commissioner Mike Kreidler said in a press release that “by far the most popular benefit of health reform that we hear about is the ability for parents to keep their adult kids on their health plans – especially in today’s economy.”  Indeed, so far more than 52,000 young adults up to age 26 have stayed on their parents’ health plans.  

But lots of consumers are seeing other very significant benefits:  

Prescription drugs for seniors
62,660 seniors received a $250 rebate to help cover the cost of their prescription drugs and 60,209 seniors received a 50 percent discount on their covered brand-name prescription drugs, which resulted in an average savings of $598 per person, which all added up to a whopping $35,999,334 in savings in our state! 

Preventive services
653,723 people received free preventive services or a free annual wellness visit with their doctor. And 1,239,000 Washingtonians with private health insurance gained preventive service coverage with no cost-sharing. 

No more lifetime limits on health benefits
2,427,000 Washington residents can breathe easier since they no longer face lifetime caps on their health benefits 

New options for folks with pre-existing conditions
As of the end of 2011, 708 previously uninsured Washingtonians who were locked out of the coverage system because of a pre-existing condition are now insured. To learn more about the plan go here. 

Kreidler said that if the opponents of health reform succeed in overturning the new law, “what will they say to the nearly one million people in Washington without health insurance who get up every day hoping they don’t have a medical emergency? –The Affordable Care Act is not perfect, but it moves us in the right direction and is the only meaningful health reform that’s passed in decades.” 

To read this story in Spanish, please click here.