Demand and Healthcare
Uninsured in The United States
Based on the information collected by Census Bureau, the number of uninsured Americans rose for the second time in a decade. In 2018, the rate of uninsured Americans increased by 8.5% compared to 2017. In 2019, there were 27.5 million uninsured Americans (Martinez & Baron, 2020). This number outpaced the number of uninsured individuals in 2018 by 1.9 million. The increase in the number of uninsured was due to the decline in the percentage of people that Medicaid covered last year. The increase in the number came when at least 2.3 million more Americans got full-time job opportunities in 2019 thus leading to a decline in the rate of poverty across the country.
Enrolled in Exchange or Market Place in NYS
In December 2019, the New York State’s official health plan marketplace announced that 3.3 million people had been enrolled in a 2020 Qualified Health Plan (QHP). The New York State of Health highlights that for those who enrolled for the beginning of the 2020 coverage, at least 13 percent were new consumers and 87 percent had renewed their coverage (Frakt & Oberlander, 2020). Besides, the New York State of Health announced that nearly all marketplace enrollees would not see an increase in costs in various health plans such as Child Health Plus and QHPs.
Percent of Federal Deficit
The U.S federal government spends more on health care than any other country across the world. The United States is estimated to have spent $3.5 trillion in 2017 on health expenditures. This is believed to be twice more than the average other developed countries had spent. Of that amount, the federal government is believed to have directly or indirectly financed $1.5 trillion (Sisko et al., 2019). This implies that the U.S federal government dedicates nearly 8 percent of the country’s resources to health care. In 2028, it is believed that the government’s finances toward health care shall have increased to 9.7 percent which is $2.9 trillion
Frakt, A. B., & Oberlander, J. (2020). Challenges to Medicare For All remain daunting: Medicare For All universal coverage proposals are not viable unless they overcome political, economic, and administrative realities that govern US health care. Health Affairs, 39(1), 142-145. Retrieved from https://www.healthaffairs.org/doi/abs/10.1377/hlthaff.2019.01494
Martinez, I. L., & Baron, A. (2020). Aging and Health in the Latinx Population in the USA: Changing Demographics, Social Vulnerabilities, and the Aim of Quality of Life. In New and Emerging Issues in Latinx Health (pp. 145-168). Springer, Cham. Retrieved from https://link.springer.com/chapter/10.1007/978-3-030-24043-1_7
Sisko, A. M., Keehan, S. P., Poisal, J. A., Cuckler, G. A., Smith, S. D., Madison, A. J., & Hardesty, J. C. (2019). National health expenditure projections, 2018–27: economic and demographic trends drive spending and enrollment growth. Health Affairs, 38(3), 491-501. Retrieved from https://www.healthaffairs.org/doi/abs/10.1377/hlthaff.2018.0549