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Older adults expected to reap benefits of healthcare reformPosted On Wed, December 15, 2010
Older Americans may stand to benefit the most under the new healthcare laws. A study by the Commonwealth Fund indicates more than 18 million adults will have better medical care as a result of reform.
According to the report, nearly all of the 8.6 million uninsured adults between the ages of 50 and 64 will gain coverage through Medicaid, and private insurance, whether subsidized or unsubsidized.
Furthermore, those who have been uninsured for more than 6 months and have a chronic health condition will be able to obtain coverage under the new laws. Healthcare reform has resulted in insurance providers offering plans for those with pre-existing conditions.
Commonwealth Fund president Karen Davis says "baby boomers" will continue to reap benefits from the new legislation.
"Things will only continue to improve as states and the federal government move toward fully implementing the law and we enter a new era in American health care, in which everyone has access to affordable, comprehensive health insurance," says Davis.
Most Americans get health insurance through their employer. Those who are unemployed can typically maintain coverage through the Consolidated Omnibus Budget Reconciliation Act, but the option can be expensive.
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