Uninsured Rate Rises To 12.3% In Third Quarter
A recent Gallup poll – based on more than 45,000 interviews with adults aged 18 and older, from July 1 to Sept. 30, conducted as part of the Gallup-Sharecare Well-Being Index – indicated the percentage of U.S. adults lacking health insurance rose in the third quarter of 2017 to 12.3%.
The uninsured rate is now the highest recorded since the last quarter of 2014 when it was 12.9%.
This increase in adults without health insurance
represents nearly 3.5 million Americans.
The study suggests several marketplace factors could be a contributing factor. Some insurance companies have stopped offering insurance through the exchanges, and the lack of competition could be driving up the cost of plans for consumers.
As a result, the rising insurance premiums could be compelling some to forgo insurance. The uncertainty about the healthcare law also may be driving the increase.
Some key poll findings include:
- The uninsured rate has risen by 1.8 points among those aged 35 to 64, compared with slightly smaller increases among younger (18 to 34) adults.
- The uninsured rate among black and Hispanic adults has increased by 1.5 and 1.6 points, respectively.
- The percentage of adults with self-paid plans has fallen by 1.3 points, from 21.3% to 20.0%, over this period.
What does this mean for your practice?
Without Congress and President Donald Trump taking steps to stabilize the insurance markets, the number of uninsured Americans likely will continue to rise, making it potentially more difficult for your practice to collect on services.
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