Start Comparing Rates within Minutes!
Start Comparing Rates within Minutes and you could save!
Compare Rates Within Minutes!
- Complete 1 short quote form
- Compare rates from top insurers
- Save time & money!
Who remains uninsured even after health care reform?Posted On Wed, March 24, 2010
Sunday's passage of the healthcare reform bill has many hoping that the majority of American will now be insured.
According to the Congressional Budget Office, by the time 2019 rolls around, 23 million Americans will still be uninsured. By that time, mandatory health insurance will have been in effect for nearly six years, the CBO said.
Who will fall into the category of still uninsured?
Undocumented immigrants are ineligible for insurance subsidies or Medicaid.
There are people who will choose to avoid insurance all-together. They will have to pay a penalty equal to $695 or 2.5 percent of their annual income.
The number of people eligible for Medicaid will rise. However, not everyone will choose to enroll.
Lastly, there will be groups of people for whom insurance will still be too expensive. If insurance will cost more than 8 percent of a household's annual income, they can opt out and not be required to pay a penalty.
Judith Solomon, a healthcare expert at the Center on Budget and Policy Priorities told the Christian Science Monitor she hopes there won't be as many people for whom insurance will be too expensive because of the new subsidies offered.
The healthcare reform bill was signed into law by President Obama Tuesday.
Feedback or questions? Email the editor here.