Hospital & Healthcare Management June 20, 2024
The uninsured rate in America is projected to increase over the next ten years, largely undoing gains made during the coronavirus pandemic. This is due to the expiration of subsidies for Affordable Care Act- ACA plans and policy changes that kept low-income individuals on Medicaid. The Congressional Budget Office- CBO predicts that this year, 7.7% of Americans, or 26 million people, lack insurance. This is a decrease from 10.3% or 33.2 million people in 2019.
However, approximately 1.7 million people, primarily working-age adults, will lose their insurance each year, pushing the uninsured rate to 8.9% by 2034, according to the CBO.
The CBO’s annual report on health insurance coverage by age forecasts that the recent record-low uninsured rate will rise...
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