1 in 4 Americans Would Consider Moving to Get Better/Cheaper Health Insurance

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

PR Newswire

NEW YORK, Dec. 3, 2013

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.

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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."

Additional findings:

  oOne 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.
  oYoung 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.
  oAlmost 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.
  o40% 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.

For more information:

Caroline Farhat
Bankrate, Inc.
(917) 368-8638

SOURCE Bankrate, Inc.

Website: http://www.bankrate.com
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