Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Portfolio > Economy & Markets > Fixed Income

Who says PPACA has helped? You might be surprised

Your article was successfully shared with the contacts you provided.

The percentage of Americans who say the Patient Protection and Affordable Care Act of 2010 (PPACA) has helped them and their relatives is increasing.

Frank Newport, an analyst at Gallup, has given a glimpse of Americans’ personal experiences with PPACA in a summary of results from telephone interviews conducted with 2,040 adults ages 18 and older from April 1 through April 4. All of the survey participants live in the 50 U.S. states or the District of Columbia.

The margin of sampling error is 3 percentage points.

The percentage of participants who say they generally approve of PPACA now stands at 44 percent, Newman reported. That’s up from 37 percent in November, but down slightly from 45 percent around the time the PPACA exchange system opened.

Gallup asked participants how they thought PPACA had affected them and their families. 

Newport broke the latest responses to that question down by income. He also broke personal impact data down by income in April 2014.

See also: Uninsured rate at lowest level since 2008

The results show that the percentage of high-income participants who said PPACA had helped their families rose dramatically.

Among low-income participants, with incomes of less than $24,000 per year, the percentage saying PPACA has helped their families increased to 23 percent, from 20 percent.

Among the moderately broke participants, with incomes from $60,000 to about $90,000 per year, the percentage saying PPACA has helped held steady at 12 percent.

In the working poor category, for participants with incomes of $24,000 to about $60,000 per year, the percentage saying PPACA has helped rose to 19 percent, from 11 percent.

Similarly, in the high-income category, for participants with income over $90,000 per year, the percentage saying PPACA has helped rose to 18 percent, from 11 percent.

The high-income participants were the only participants more likely to say that PPACA has hurt their families. The percentage saying PPACA has hurt their families has increased to 27 percent, from 25 percent.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.