More Americans have health insurance than pre-pandemic

More Americans have health insurance than pre-pandemic
But 25 million remain uninsured according to new report.
JUN 18, 2024

by Jessica Nix

The number of Americans without health insurance dropped by about a fourth from 2019 to 2023, US health researchers said, as the government tried to bolster coverage during and after the Covid-19 pandemic.   

In 2023, 25 million Americans of all ages were uninsured, down from 33.2 million in 2019, according to preliminary survey results released Tuesday by the US National Center for Health Statistics. Children without health insurance also declined from 5.1% in 2019 to 3.9% last year. 

Health officials trying to limit the ravages of the pandemic scrambled to maintain health coverage, in part by putting off reviews of Medicaid eligibility that would have purged some beneficiaries from rolls of the program for low-income Americans. While that benefit persisted through 2023, states are now beginning to review their rolls again, with the possibility that health coverage will decrease.

According to the survey, 23% of US adults aged 18 to 64 with health coverage were part of a public program, such as Medicaid, up by 3% since 2019. 

More than 64% of people under the age of 65 were covered by private insurance last year, according to the survey, while about 29% were covered by public insurance, including military programs, state employee programs, Medicaid and Medicare, the program for the elderly and disabled people. 

People without health insurance tend to be lower-income families and reflect disparities in racial and ethnic groups, the researchers said. Insurance among Hispanics declined by about 5% over the five-year study period. However, about one in four Hispanic adults still did not have health insurance coverage in 2023, the highest percentage of any racial group. Less than 5% of non-Hispanic Asian adults were uninsured last year, the lowest of any group, and the percentage declined by more than 4% over five years. 

The biannual report from the NCHS, a unit of the Centers for Disease Control and Prevention, is based on preliminary results from an interview survey conducted last year. 

Copyright Bloomberg News

Latest News

Caregiving costs emerge as a midterm issue for older voters
Caregiving costs emerge as a midterm issue for older voters

Most voters 50-plus in swing districts favor candidates backing a caregiver tax credit, as caregiving drains retirement savings

Wealth firms report organic growth rebound, but process gaps persist
Wealth firms report organic growth rebound, but process gaps persist

New F2 Strategy research finds more firms growing without M&A, yet one-third still lack a defined growth process.

AI governance gaps leave RIAs exposed to a new wave of cyber threats
AI governance gaps leave RIAs exposed to a new wave of cyber threats

Shadow AI, weak oversight, and no formal policy highlight why advisory firms are more exposed to cyber risk than they realize.

People moves: RBC taps Raymond James veteran for Texas complex
People moves: RBC taps Raymond James veteran for Texas complex

Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant.

Ex-LPL, special needs advisor pleads guilty in fraud case
Ex-LPL, special needs advisor pleads guilty in fraud case

Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor