Legislation expands coverage to nearly 150,000 Granite Staters, provides tax credits for tens of thousands of small businesses, and reduces premiums for more than
100,000 New Hampshire residents
Concord - A detailed analysis of the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act finds that the new law will dramatically improve the lives of hundreds of thousands of New Hampshire citizens.
This includes extending coverage to nearly 150,000 uninsured Granite Staters, providing tax credits to tens of thousands of small businesses, and lowering premium costs for thousands of New Hampshire families by up to $2,710.
"While it was clear last week that comprehensive health insurance reform was a huge step forward, a detailed analysis highlights how significant this benefit will be for the people of the Granite State," said Ray Buckely, chair of the New Hampshire Democratic Party.
Once the legislation is fully enacted, over 200,000 senior citizens will no longer be hit by the Medicare 'donut hole,' insurance companies will be prevented from denying coverage to almost 300,000 children in New Hampshire for having a pre-existing condition, and more than 115,000 young adults graduating from high school and college will be able to stay on their families' insurance plans.
"I am so proud of New Hampshire's Democratic congressional delegation -- Senator Shaheen, Congressman Hodes, and Congresswoman Shea-Porter -- for passing this historic legislation," added Buckley. "But it is sadly unsurprising that New Hampshire Republicans want to repeal this critical reform. For the past 12 months they have consistently put the interests of insurance company lobbyists before those of New Hampshire families."
For details on how New Hampshire residents will benefit from the new law see below.
Key Benefits for New Hampshire
Prohibit insurance companies from excluding coverage of pre-existing conditions for the 289,071 children in New Hampshire, starting this year. [U.S. Census Bureau, 1/7/10]
Close the "donut hole" and improve other Medicare benefits for 204,000 New Hampshire seniors. [HealthReform.gov, accessed 3/20/10]
Ensure affordable coverage options for nearly 150,000 Granite Staters who are uninsured and 64,000 who purchase health insurance through the individual market. [HealthReform.gov, accessed 3/20/10]
Ensure immediate access to affordable insurance options for as many as 17,582 uninsured New Hampshire residents who have a pre-existing condition. [estimate using Agency for Healthcare Research and Quality (AHRQ), 4/09 and HealthReform.gov, accessed 3/20/10]
Provide tax credits for up to 103,000 Granite Staters to help make health insurance more affordable, bringing $1.7 billion in premium and cost-sharing tax credits into New Hampshire during the first five years of the health insurance Exchange. [HealthReform.gov, accessed 3/20/10; Senate Finance Committee]
Reduce family health insurance premiums by $1,890 - $2,710 for the same benefits, as compared to what they would be without health reform by 2016. [Senate Finance Committee estimate based on CBO, 11/30/09]
Create 1,300 - 2,000 jobs by reducing health care costs for employers. [U.S. Public Interest Research Group, 1/20/10]
Allow 115,654 young adults to stay on their parents' insurance plans. [U.S. Census Bureau, 1/7/10]
Provide more federal funding for 57 Community Health Centers in New Hampshire. [National Association of Community Health Centers, 2009]