The nation's uninsured rate has plunged to a new low as more consumers shop in Obamacare's exchanges, according to the latest Gallup statistics.

The uninsured rate among adults is now 12.9 percent, down from 13.4 percent in the third quarter of 2014 and down significantly from 17.1 percent a year ago, the new poll released Tuesday finds, marking a drop of 5 percent since the individual mandate under the Patient Protection and Affordable Care Act went into effect.

Though the uninsured rate has declined across nearly all key demographic groups in year one of PPACA, the sharpest decline in the uninsured has been among African-American and low-income Americans. Among Hispanics — the largest population of the nation's uninsured — the rate has dropped nearly 7 percent, but still remains high at 32.4 percent. And, pollsters note, across age groups, the uninsured rate dropped the most among 18- to 25-year-olds, falling about 6 points from a year ago.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

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