Report: 1 in 4 Americans Would Consider Moving to Get Better, Ch - 8 News NOW

Report: 1 in 4 Americans Would Consider Moving to Get Better, Cheaper Health Insurance

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NEW YORK (Press Release) -- 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."

Additional findings:

• 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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