Noticing a Trend of More Insured Americans Due to ObamaCare

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The Centers for Disease Control and Prevention (CDC) recently complied data to report on the percentage of the American population that’s lacking health insurance. The information was gathered from a National Health Interview Survey by the National Center for Health Statistics (NCHS) and from the Current Population Survey by the US Census Bureau, spanning January to April 2014.

The percentage of uninsured Americans dropped from 14.4% in 2013 to 13.1% in the first three months of 2014. This is likely attributed to ObamaCare’s mandate that all Americans, except those who qualify for exemption, must either have health insurance by 2014 or pay a tax penalty. The Health Insurance Marketplace remained open until March 31st, 2014, giving people the opportunity to purchase a health insurance plan based on their health and financial status. According to the Wall Street Journal, the government says the number of Americans who obtained coverage through the Health Insurance Marketplace is over 8 million.

In 2010, there were 48.6 million uninsured people in America. In March of 2014, that number was reduced to 41 million. A Medical Economics article states that, according to the Centers for Medicare and Medicaid Services (CMS), the number could decrease further to 23 million in 2023.

The NCHS survey findings included:

  • The percentage of uninsured adults (18-64) fell from 20.4% in 2013 to 18.4% in the first three months of 2014.
  • 61.8% of those surveyed were not covered by private health insurance plans.
  • In the first three months of 2014, 65.6% of adults (18-64) had private health insurance plans
  • 51.7% of children (under 18) had private coverage when surveyed

These are still preliminary results, but hopefully the trend will continue down the road. The next open enrollment will begin November 15th, 2014.

Author: Apoorva Anupindi

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