TDR Capital International - Record High Insured Americans in Q1 Before Medicaid Rules Changed

The uninsured rate in the United States plummeted to a historic low of 7.7% in the first quarter of 2023, just as a pandemic-era regulation expires in April, potentially sending the uninsured rate back up.
KOWLOON, Hong Kong - Aug. 17, 2023 - PRLog -- According to a poll issued Monday by the Centers for Disease Control, the uninsured rate in the United States decreased to 7.7% in Q1, down from 8.3% in the previous quarter of 2022. However, this is expected to alter when the data for the second quarter of 2023 are released, reflecting the effect of the Medicaid enrollment modifications.

The temporary, pandemic-era adjustment to Medicaid enrollment regulations for 2020 meant that the federal government banned states from removing individuals off Medicaid rolls unless they relocated out of state or died. That was noteworthy since, under typical circumstances, individuals lose Medicaid coverage due to shifting income, misplaced papers, and other bureaucratic issues.

According to studies, the block on removals was the primary reason Medicaid enrollment increased by 23.3 million individuals during the epidemic, lowering the uninsured rate.

According to a tracker developed by the Kaiser Family Foundation, a nonprofit healthcare research group, at least 3.9 million individuals have been disenrolled from Medicaid after the "continuous enrollment" option ended as of Thursday.

The early 2023 uninsured rate was a long cry from the 18.2% uninsured rate in 2010, when Obamacare was launched.5 People without health insurance may be refused non-emergency medical treatment and face higher medical fees if they do seek care.

According to a 2019 study by David U. Himmelstein, a professor of public health at the City University of New York, and other researchers based on a survey of 910 individuals, medical bills led to 58.5% of all bankruptcies between 2013 and 2016.

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