1 in 4 Americans Would Consider Moving to Get Better/Cheaper Health Insurance
Young Adults Most Likely to Move, Also Most Likely to Support Obamacare
NEW YORK, Dec. 3, 2013 /PRNewswire/ -- More than one in four Americans (28%) would consider moving to another state or county to get better and/or cheaper health insurance, according to a new Bankrate.com (NYSE: RATE) report. Young adults (18-29 year-olds) are the most likely to consider moving. Over four in 10 members of this group – which is generally more mobile than its older counterparts – say that health insurance would factor into their decision on where to live.
About one-third of the lowest-income respondents (annual household income under $30,000) would consider moving for health insurance reasons. Since half of the 50 states are not expanding the Medicaid program, this is one of the groups most affected by geography.
The following Bankrate.com map shows that premiums can vary widely, even within the same metropolitan area:
"This suggests that many people could move and get better, cheaper health insurance without having to upend their entire lives," said Bankrate.com insurance analyst Doug Whiteman. "We're not necessarily talking about moving across the country and needing to find new jobs, schools, friends and so on. Sometimes moving just a few miles can significantly improve your health insurance situation."
- One in three Americans (33%) are feeling more negative about the Affordable Care Act now than they were one year ago. Only 15% are feeling more positive.
- Young adults (ages 18-29) are the most likely to say their opinion of the law has grown more positive, as well as the most likely to say it's getting easier for them to handle medical expenses and to report their health insurance situation is improving.
- Almost half of rural residents (46%) are feeling more negative and only 12% are feeling more positive. Urban residents are evenly divided: 22% more negative and 22% more positive.
- 40% of Americans say their monthly health care spending is higher than a year ago, a sharp contrast with the five percent who say it is lower.
These results comprise Bankrate.com's Health Insurance Pulse, a monthly survey that tracks how Americans are feeling about health care and their personal finances. The survey was conducted by Princeton Survey Research Associates International (PSRAI) and can be seen in its entirety here:
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PSRAI obtained telephone interviews with a nationally representative sample of 1,003 adults living in the continental United States. Interviews were conducted by landline (501) and cell phone (502, including 257 without a landline phone) in English by Princeton Data Source from November 21-24, 2013. Statistical results are weighted to correct known demographic discrepancies. The margin of sampling error for the complete set of weighted data is plus or minus 3.6 percentage points.
About Bankrate, Inc.
Bankrate is a leading publisher, aggregator, and distributor of personal finance content on the Internet. Bankrate provides consumers with proprietary, fully researched, comprehensive, independent and objective personal finance editorial content across multiple vertical categories including mortgages, deposits, insurance, credit cards, and other categories, such as retirement, automobile loans, and taxes. The Bankrate network includes Bankrate.com, our flagship website, and other owned and operated personal finance websites, including CreditCards.com, Interest.com, Bankaholic.com, Mortgage-calc.com, CreditCardGuide.com, Nationwide Card Services, InsuranceQuotes.com, CarInsuranceQuotes.com, InsureMe, Bankrate.com.cn, CreditCards.ca, NetQuote.com, and CD.com. Bankrate aggregates rate information from over 4,800 institutions on more than 300 financial products. With coverage of nearly 600 local markets in all 50 U.S. states, Bankrate generates over 172,000 distinct rate tables capturing on average over three million pieces of information daily. Bankrate develops and provides web services to over 80 co-branded websites with online partners, including some of the most trusted and frequently visited personal finance sites on the Internet such as Yahoo!, AOL, CNBC, and Bloomberg. In addition, Bankrate licenses editorial content to over 500 newspapers on a daily basis including The Wall Street Journal, USA Today, The New York Times, The Los Angeles Times, and The Boston Globe.
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SOURCE Bankrate, Inc.
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