The total cost of all those receiving subsidized health insurancewill exceed $600 billion this year, with the majority of theAmerican public receiving subsidized health insurance beingemployed full time. Only a only a small number are obtainingsubsidized insurance through an insurance exchange, and about thesame number have no insurance this year.
That’s what a Congressional Budget Office (CBO) analysis of theAmerican health insurance landscape says. The CBO report onlyconsidered those under age 65. It found the next largest group withinsurance, and with subsidies, were the one-quarter of under-65Americans enrolled in Medicaid or the Children’sHealth Insurance Program.
“A smaller number will have non-group coverage that theypurchase either through or outside one of the health insurancemarketplaces … and about 27 million people under age 65 — 10percent of that population — will be uninsured in 2016,” the reportsaid.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
