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The Mass Media

The Mass Media

The Mass Media

2-26-24 PDF
February 26, 2024
An inside look at Bobby B. Beacon’s insides. Illustrated by Bianca Oppedisano/ Mass Media Staff.
Bobby's Inside Story
February 26, 2024

Blood Money

To win the future America will need to invest in future generations
To win the future America will need to invest in future generations

To win the future, America will need to invest in future generations and make the kind of commitments and reforms that allow our nation to out-innovate, out-educate, and out-build the rest of the world. Effectively implementing the Affordable Care Act is a vital part of this effort.

But some in Congress want to refight the political battles of the past two years and repeal the law along with all the new consumer protections and benefits that go with it.  That would be a major setback for young Americans.

 We know that one of the most vulnerable groups of Americans in our old health insurance system was young adults. Too many college graduates weren’t just worrying about finding a job.  They also wondered how they were going to get health insurance. I saw this firsthand with my two sons.  When they graduated college, they were both fortunate to get jobs.  But neither of their employers offered insurance.

 They were healthy and had the resources to buy coverage.  But not all Americans are that lucky. Young adults have less access to employer-based health insurance than any other group.  And they often can’t afford to buy it on their own – especially if they’ve just graduated high school or college with limited savings and in some cases, thousands of dollars in debt. Others are denied coverage because they have a preexisting condition like diabetes or asthma.

 As a result, Americans in their twenties are almost twice as likely to go without health insurance as older adults. 

 Thanks to the Affordable Care Act, that’s changing. The law gives young people peace of mind by allowing children to stay on their parents’ plans up to age 26 if they don’t have access to coverage of their own. 

 And starting in 2014, young Americans will have access to quality, affordable health insurance through new, competitive health insurance marketplaces that will be forbidden from discriminating against you based on your pre-existing condition. 

 So if you’re self-employed or work for a small business or non-profit that doesn’t provide health coverage, the health care law will give you the freedom to find the best path forward without worrying about health coverage.

The law is also making health care more affordable. For those purchasing insurance in one of the new marketplaces, it’s estimated that the new law could save you hundreds or even thousands of dollars.  For example, the average individual making $27,000 will save more than $1,600 on their premium beginning in 2014. A family of four making $55,000 would save an average of $6,000.

Young people across the country are also benefiting from the law’s Patient’s Bill of Rights, which outlaws many of the worst abuses of the insurance industry. A year ago, insurers could cancel your coverage when you got sick just because you made a mistake on your application.  Now, this practice has been banned, along with other harmful policies like lifetime dollar limits on benefits, which often meant your benefits disappeared when you needed them most.

 And young people are getting better access to care thanks to the law’s workforce investment, which is helping train and support 16,000 new primary care providers by 2015 and nearly doubling the number of patients served by community health centers by addressing pressing construction and renovation needs.  This investment will help countless young people get the preventive care that can keep them healthy and out of the hospital. And in the process, hundreds of thousands of new jobs across the health care field are being created.

Perhaps most importantly, the health care law is slowing the growth of health care costs over time so that our system will be strong and sustainable for decades to come. By testing and implementing new ideas to coordinate care, improve patient safety, and reduce waste, fraud and abuse, the law will continue to create additional savings for consumers and our economy. Analysts predict that by 2019, these efforts could save an additional $2,000 for a family policy for employer-based coverage.

But repeal would allow skyrocketing premiums to continue rising. In fact, the independent Congressional Budget Office’s latest analysis shows that repeal would increase the deficit by $230 billion over the next decade and by more than a trillion dollars in the second decade, handing a huge economic burden to the next generation and threatening our long-term prosperity. 

The new law gives Americans, and especially young Americans, more freedom in their health care choices. Taking these benefits and protections away now and abandoning the rest of the law’s long-awaited reforms would have huge costs for the young people we are counting on to help our nation compete and win the future.