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Wednesday, March 26, 2014

Only 39 Percent of Uninsured Americans Seem to Know About the Penalty For Not Having Health Insurance After March 31st

Americans don't know about health insurance penalty

The March 31, 2014 deadline for signing up for health insurance or face a penalty is fast approaching, yet an alarming amount of people are still unaware of it. The number is particularly high among low-income, uninsured Americans.

Most never even heard about it

A recent survey by the Urban Institute’s Health Reform showed that 39 percent of the 1,131 uninsured people surveyed stated they knew about the penalty; the percent was higher among those insured, about 52 percent. What is really disturbing is that overall only one third of all adults have heard about the Affordable Care Act.

Especially the poor...

The lower that Americans fall below the poverty level, the less likely they are to know about Obamacare. This remains true even though the White House has initiated an aggressive advertising and media campaign to not only inform more Americans about the health care law but also encourage them to sign up before the deadline of March 31, 2014 in order to avoid a penalty.

More young people needed...

Administration officials report that only about 27 percent of people between the ages of 18-34 have signed up so far. That is far short of their goal of 40 percent. In order for the new health care program to work, it needs an ample amount of young and healthy enrollees to offset the cost for older people with more health issues. Will they reach their goal? Stay tuned for more results.
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