The Affordable Care Act (ACA) set out to give everyone access to affordable health insurance coverage by making Medicaid available to all people earning less than 138 percent of the federal poverty level (FPL) – in 2014, $16,105 a year for an individual or $32,913 a year for a family of four – and by providing tax credits to reduce the cost of buying private coverage for people earning between 138 and 400 percent of FPL. The federal government would pay no less than 90 percent of the costs associated with covering this new population on Medicaid. However, as a result of a 2012 Supreme Court decision, each state now has a choice: accept federal money to cover low-income uninsured residents, or leave most of them uninsured.
This brief from Young Invincibles looks at Florida’s choice to ignore – or close – the state’s health care coverage gap and how it will impact young Floridians. More than one-third of the approximately 918,000 Floridians who fall in the coverage gap are young adults aged 18 to 34.