How Obamacare Is Winning Young Invincibles

More than 5.7 million young Americans have become insured since 2010.

When the Affordable Care Act (ACA) passed in 2010, one of the biggest unknowns was this: Would enough young, healthier Americans sign up for Obamacare to keep the fledgling health insurance marketplace viable?

“Young invincibles,” many believed, were critical for balancing out the older, sicker – and more expensive – enrollees who would otherwise dominate the market. Without enough younger participants, experts feared, the market would see a “death spiral” of rising premiums that could lead to its eventual collapse.

But since 2010, more than 5.7 million young Americans ages 19-to-25 have gained coverage, according to government figures, including significant numbers of African-Americans, Latinos and other minorities. And of the 8.84 million Americans who chose a plan during the most recent open enrollment period, 28 percent were millennials ages 18-to-34. These figures are all the more remarkable given that in 2010, the uninsured rate among 19-to-25 year olds was 34.1 percent – more than double the uninsured rate among the population as a whole.

How is Obamacare winning millennials?

Continued at the Washington Monthly…

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