May 1—Nearly half of all working-age American adults were without health insurance for a time in 2012 or had out-of-pocket costs that were so high in relation to their income that they could be considered uninsured, according to the Commonwealth Fund’s 2012 Biennial Health Insurance Survey.

The percentage of young adults ages 19-25 who were uninsured in 2012 was 41 percent, compared with 48 percent in 2010. The decline is likely due to a provision in the Affordable Care Act (ACA) that allows young adults to remain on their parents’ health insurance until age 26, according to the authors of the report.

The percentage of Americans who were uninsured or underinsured or had gaps in their health coverage grew steadily between 2003 and 2010, with the number of underinsured reaching 29 million in 2010. However, between 2010 and 2012, the numbers of underinsured adults leveled off at 30 million. According to the report’s authors, this is partly due to slower healthcare cost growth, lower overall health spending by consumers, and provisions in the ACA that are beginning to make health care more affordable for consumers.

Publication Date: Wednesday, May 01, 2013