We’ve looked through four decades of data, and the share of people who are uninsured has never been this low. pic.twitter.com/UPvLtA8NtR
— Larry Levitt (@larry_levitt) May 17, 2016
The interesting thing to me in this chart besides the final outcome is that the introduction and proliferation of government sponsored insurance after 1980 to 2010 basically was sufficient to replace 1:1 declining employer sponsored coverage and not expand coverage. Legacy Medicaid picked up more responsibility, Medicare picked up more members, CHIP was a brand new program that has covered a lot of kids. But all of those programs were effectively either status quo keepers on a population basis or slowed the rate of uninsurance growth.
There are three major challenges left.
- Reduce uninsured rate to under 2% (Massachusetts is damn close to that now)
- Increase the value of the coverage so that it is far more useful to more people
- Continue to bend the cost curve so that total national healthcare costs grow at or under the rate of nominal economic growth.