Baby Boomers to Gain Most From Health Care Reform
America’s Baby Boomers may be poised to benefit the most from health-care reform, a new report shows.
Some of those gains will come right away, such as the elimination of restrictions on people with preexisting conditions, while others — no more lifetime limits on health insurance and subsidized coverage through health insurance exchanges — are slated for 2014, as more provisions of the Affordable Care Act are rolled out.
The new report, from the Commonwealth Fund, is the sixth in a series examining how the new reform package, signed into law in March by President Barack Obama, will change health-care coverage in the United States.
“This report paints a picture of the Baby Boomer generation whose health and financial security are in jeopardy because of rising health-care costs and declining coverage,” Cathy Schoen, senior vice president at Commonwealth Fundm, said during a Monday news conference. “The good news is that the Affordable Care Act is already making a difference and things will continue to improve. We will enter a new era in health care with an end to turning people down for health insurance because of age and health.”
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Category: Health & Wellness
I don’t think that provision about elimination of restrictions on people with preexisting conditions has kicked in yet. My wife, age 62 was turned down this month. By the time it kicks in, she will be 65 and on medicare, so it won’t help us and a lot of boomers.