The Uninsured Rate In Minnesota Has Plunged 40 Percent Under Obamacare
Mark Wilson/Getty Images
The study, released by researchers at the University of Minnesota, provided the first look at Obamacare's effect on a single state's insured rate. It found that the number of uninsured in Minnesota fell from 445,000 (about 8.2% of the population) to about 264,500 (about 4.9% of the population).
The decrease is similar to the effects in Massachusetts after similar healthcare reforms were implemented there in 2006. It's a larger increase than the Congressional Budget Office has projected for the entire United States - a drop from 54 million under previous law to 42 million under the Affordable Care Act.
"Our findings on the change in the number of uninsured are consistent with national reports of early ACA impact, and with research on the impacts of Massachusetts reforms implemented in 2007 which are quite similar to the access expansion provisions included in the ACA," the researchers wrote in a summary of their report.
Thus far, there have only been imprecise studies taken on the uninsured rate after the end of Obamacare's first open-enrollment period. The Obama administration has said 8 million people nationwide gained coverage through private insurance exchanges established by the law, while more than 6 million people have enrolled in the federal Medicaid program since October.
The authors of the study said their findings were consistent with a number of national polls and studies showing a drop in the uninsured rate, including a Gallup survey that showed a drop in the uninsured rate to 13.4%, the lowest the company has ever recorded.
Medicaid expansion was the main driver of the plunge in Minnesota's uninsured rate. Enrollment in Medicaid and MinnesotaCare, a state healthcare program for the working poor, was responsible for 20.6% of the growth in coverage, or about 155,000 Minnesotans. Meanwhile, enrollment by individuals in private plans jumped by 36,000.
Here's a chart showing the breakdown in insurance gains:
- 'Quiet quitting' is a bad idea, experts say. Here are 6 things you can do instead to get the same results if you're looking for better work-life balance – or to lighten your workload
- Wipro, Infosys, Tech Mahindra revoke offer letters given to freshers: Reports
- Reliance Jio and Airtel 5G prices may be affordable for now but expected to increase after wider rollout
- Omnichannel becomes omniscient as retailers gear up for revenge festive celebration
- Redmi Pad Review: A decent tablet for the masses
- Electronics Mart India IPO is subscribed 1.69 times on day 1
- Big B’s best movies are back on the big screens - Here are 11 you can watch
- Reliance Jio to begin beta trial of 5G in four cities on Dussehra with unlimited data
- Tata Tiago Electric Car
- HCL Tech
- World Heart Day 2022
- Apple Tablets in Amazon Sale
- RBI Repo Rate
- Akash Ambani
- Amazon festival Sale
- Upcoming new Mobile in October
- Amazon Festival Sale
- Best Companies for Work
- India's Richest People
- RBI Interest Rate hike
- Upcoming Smartphone in 2022
- Top 10 Colleges in India
- Top 10 Airlines in World