Research

Industry Statistics and Trends Uninsured and Underinsured Population

Uninsured/Underinsured Population:

  • 48 million Americans were uninsured in 2007 (20% of the U.S. population)
  • 59 million Americans were underinsured
  • % of U.S. employers offering health insurance dropped from 70% in 2000 to 60% in 2007 (AMA)
  • The median annual income for the underinsured household is $70,000
  • 22% of underinsured households have annual income of more than $100,000
  • 82% of the uninsured population are in working families
  • The underinsured population has grown from 33m in 2003 to 59m in 2008, representing a 79% increase

Healthcare for the Uninsured & Underinsured:

  • 54% of the uninsured had no regular source of healthcare, compared to 10% of insured individuals
  • 20% of the uninsured reported using a hospital emergency room as their customary source of healthcare services,
    as compared to 3% of the insured population
  • The uninsured are three times more likely to have not seen a doctor in the past year than insured individuals
  • ½ of all U.S. bankruptcy filings are caused, in part, by medical expenses

U.S. Healthcare Spending:

  • Total healthcare spending in the U.S. (2006 annual) - $2.0 trillion; Expected to double by 2015 to $4 trillion
  • % growth in U.S. healthcare spending, since 2000 - 8% - 14% annual
  • $ growth in healthcare benefits costs, since 2000 - 10% - 20% annual
  • Total healthcare spending amounted to $6,700 per American in 2006 and is projected to double by 2015 to
    $13,000 per person
  • Total U.S. healthcare spending represented 16% of U.S. GDP and is expected to reach 20% by 2015

Uninsured/Underinsured Population:

  • Low income/poor people
  • Senior citizens • Young adults, age 23 – 35
  • Individuals with high-deductible or catastrophic health insurance policies
  • Small business owners and their employees