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coverage—will save an average of more than $16,000. Health Insurance Marketplace Although the initial launch in-cluded website glitches, for those without insurance, the Health Insur-ance Marketplace allows comparison shopping of a variety of quality, af-fordable plans that best meets indi-vidual needs. Almost 7 million unin-sured African-Americans, including 3 million African-American women, will have new opportunities for coverage through the Health Insurance Market-place. It is important to note the new healthcare law helps low and middle-income Americans pay for health in-surance through subsidies. Consum-ers may be eligible for free or low cost coverage, or advance premium tax credits that lower monthly pre-miums right away. Individuals with higher incomes (up to 400 percent of the federal poverty level, or $94,200 for a family of four) will be eligible for premium tax credits to purchase coverage from the Health Insurance Marketplace. s Affordab le Care Act Cheat Sheet n✔ 3.1 million young adults have Source: D epartment of Health and Human Services NAA CP D elta Sigma Theta Sorority, Inc. Social Action Webinar s70 DELTA SIGMA THETA SORORITY, INC. gained insurance through their parents’ plans n✔ 6.1 million people with Medicare through 2012 received $5.7 billion in prescription drug discounts n✔ 34 million people with Medicare received a free preventive service n✔ 71 million privately insured people gained improved coverage for preventive services n✔ 105 million Americans have had lifetime limits removed from their insurance n✔ Slowest sustained national health spending growth in 50 years n✔ L ow growth continuing in 2012 for Medicare and Medicaid n✔ R ate increases fell from 75% in 2010 to 14% so far in 2013 n✔ $1 billion returned to consumers last summer nn✔Plans now must spend 80% on healthcare n✔ $4.2 billion recovered in 2012 from anti-fraud efforts – a record high – for a total of nearly $15 billion over the last 4 years, double that of the previous 4 years


JournalSpring2014
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