Obamacare Benefits Included Affordable Homes

Low- and Middle-Income Households Saved Money with Obamacare, Leaving More for Affordable Homes

A recent article in New America, “Obamacare has Benefits that Extend Beyond the Hospital – and into Housing,” makes a strong connection between housing and healthcare.

Much has been written over the last month about the important role that the Affordable Care Act (ACA) and the expansion of Medicaid has had in assisting very low-income households in the United States.

And the ACA has also helped families often referred to as the “working poor.”

“ … Many low-to-middle income households are eligible for help with premiums and out-of-pocket costs. For example, a 45-year-old single adult earning $15,000 per year (about 25% above the poverty line) pays a monthly premium of $26 and has an annual out-of-pocket maximum of $2,350. At these prices, Obamacare plans cost less than many plans offered by employers.”

And if healthcare is more affordable for low-to-middle income households, that means more money to put towards other necessities such as:

  • housing,
  • childcare and transportation to and from work.

More money for other necessities can help those working hard to make ends meet to maintain stable housing and avoid eviction, foreclosure and eventually even homelessness.

“Landlords across America should be cheering for Obamacare, and here’s why: Families who get health insurance through the Affordable Care Act (ACA) are significantly more likely to pay their rent or mortgage.”

All too often American families are forced to choose between paying their rent and visiting the doctor or filling prescriptions.

And researchers at Washington University in St. Louis found in a new study of households living close to poverty, “Those who get insurance through the Obamacare marketplaces become delinquent on their housing payments at a rate 15 percent below those who go uninsured.”

The study “Strongly indicates that the ACA is lessening financial distress for the working poor by helping to keep a roof over the heads of families who might otherwise be out on the street.”

“ … Many low-to-middle income households are eligible for help with premiums and out-of-pocket costs. For example, a 45-year-old single adult earning $15,000 per year (about 25% above the poverty line) pays a monthly premium of $26 and has an annual out-of-pocket maximum of $2,350. At these prices, Obamacare plans cost less than many plans offered by employers.”

The debate over the potential repeal of the ACA is in Congress’ hands. “As Congress once again debates the issues surrounding the Affordable Care Act, they should be sure to consider all the benefits afforded to people by expanding health insurance access. Only then can they understand the full costs of repeal.”

Obamacare has Benefits that Extend Beyond the Hospital – and into Housing

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