The Latest Insurance News

More Americans lack health insurance coverage in 2011

More Americans lack health insurance coverage in 2011

Uninsured rate rises

Fewer Americans were covered by health insurance in 2011 than in 2010, Gallup said in a recent report about the state of health insurance coverage in America.

In fact, Gallup said, the number of Americans with health insurance coverage has declined every year since 2008. In 2008, 85.0 percent of Americans had health insurance coverage. This percentage fell to 83.6 percent in 2009 and ticked down to 83.4 percent in 2010.

In 2011, the number of Americans with health insurance coverage fell even further to 82.7 percent. The number of uninsured Americans climbed to 17.1 percent in 2011.

The uninsured rate is also measured monthly: December 2011 tied July 2011 for the highest monthly uninsured rate – 17.7 percent.

Young adults see reverse trend

According to Gallup, young adults (those aged 18 to 25) actually saw an increase in health insurance coverage year-over-year. The percentage of uninsured young adults dropped from 27.6 percent in 2010 to 24.5 percent in 2011.

This drop in the uninsured rate for this younger age group coincides with 2010 healthcare law that allows young adults to stay on their parents’ health insurance plan until they turn 26.

High-income Americans (those who earn $90,000 or more) also saw positive year-over-year results, with the uninsured rate dropping 0.3 percent in that bracket.

Posted in: Insurance

Free Credit Scores

Insurance Tips

Quick tips for switching car insurance

If you find better car insurance rates from another company, you might want to consider switching insurance companies. Here are a few tips to get you through the process. Read more

Insurance FAQs

Insurance Calculators

Life Insurance Calculator
Life Insurance Calculator

How much life insurance do you need? Simply enter your current assets, expenses, income to get started.

you are here ›› homenews › banking
Personal Finance News - Banking