Many Americans intend to stay without health insurance
March 17, 2014
A third of Americans without health insurance intend to stay that way, according to a new report. Although the most common reason for doing without coverage is the expense, 70 percent of those planning to stay uninsured did not know about the subsidies afforded under Obamacare that reduce the cost.
The report by Bankrate.com shows that, despite the government’s effort to promote the new health law, also called the Affordable Care Act, many Americans seem unfamiliar with key details of the program.
“This is a staggeringly high percentage,” said Bankrate.com insurance analyst Doug Whiteman. “The government has spent over half a billion dollars promoting the Affordable Care Act, and more than two-thirds of uninsured Americans still don’t know about the subsidies.”