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Wednesday, 6 November 2013

Free Insurance for Healthy People

How Does Free Insurance for Healthy People Pay for Sick People's Medical Care?

According to a recent analysis by the consulting firm McKinsey and Company, about 7 million Americans will qualify for free health insurance policies under the Affordable Care Act once federal subsidies are taken into account.

 That includes about 6 million people who are currently uninsured and about 1 million who have policies purchased on the individual market. All of them have incomes that are too high for Medicaid but low enough to receive subsidies that will fully cover the cost of a "bronze" or "silver" plan on a government-run exchange.

The New York Times says this free medical coverage is not only a boon to the recipients but also a shot in the arm for Obamacare, since "the availability of zero-premium plans may make the deal especially enticing to the healthy young people the marketplace needs to succeed."

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