The Affordable Care Act will help more than 18 million men and women ages 50 to 64 gain access to affordable health insurance, according to a study by the Commonwealth Fund.
The study found that 8.6 million Americans currently lack health insurance. Beginning in 2014, 3.3 million of those currently uninsured and with incomes under $29,000 for a family of four will gain Medicaid coverage; 3.5 million with incomes up to $88,000 for a family of four will be able to gain subsidized private coverage through the new health insurance exchanges; and 1.4 million in higher income brackets will gain new coverage with consumer protections.
In addition, an estimated 9.7 million older adults who have health insurance with high out-of-pocket costs, will gain improved coverage through the new essential-benefit standards, limits on out-of-pocket spending, and elimination of lifetime benefit limits.
(Sources: The Commonwealth Fund, http://www.commonwealthfund.org, December 9, 2010)