Poverty and Health Insurance Update

Poverty and Health Insurance Update

An important report was released this week just in time for the Marketplace/Health Insurance Exchanges starting October.  Yes that is in only 6 days.  It is here after nearly two years of intensive studying and modeling almost every possible scenario.

“We are pleased to announce the release of the 2012 American Community Survey (ACS) 1-Year statistics, the most relied-on source for up-to-date social, economic, and housing information every year,” said American Community Survey Office.  “The statistics are available for the nation, all 50 states, the District of Columbia, Puerto Rico, every congressional district, every metropolitan area, and all counties and places with populations of 65,000 or more.”

The report out today has the latest estimates on insurance coverage and poverty estimates.  For the first time in several years, the percent of poverty did not increase from 2011 to 2012.  However, when reviewing the poverty over the past decade, the percent of people living in poverty has increased to 12.2 to 15.9 percent.  Mississippi (24.2%) and New Mexico (20.8%) lead the country with the highest percentages of poverty.  New Hampshire (10.0%) and Alaska (10.1%) have the lowest poverty in the country.

The resulting increase in poverty has paralleled the decrease in Private Health Insurance and increase in Public Health Insurance.  Only 62.2% have private health insurance today among the population under 65.  The number of uninsured under age 65 has decreased to 16.9%, while Public Health Insurance has increased to 20.9%.  New Mexico, Mississippi, and Florida are low points of 50.5%, 52.0%, and 54.9% respectively for private health insurance.  In total 85.2% of the population have health insurance in one form or another.

Surprisingly, the Washington DC CBSA has only 13.1% of the population with public health insurance.  Riverside/San Bernardino has the highest public health insurance at 24.8%.

2012 United States Health Insurance and Poverty Total Population
Poverty                    49,114,537 (15.9%)
Private Health Ins.      201,091,595 (62.5%)
Public Health Ins.          96,066,799 (31.1%)
Uninsured                   45,716,676 (14.8%)

Source: 2013 American Community Survey

If you would like a poverty and insurance estimate report for your service area, please contact us at sales@stratasan.com

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