Navigation Links
New Study Finds Fewer Families Can Afford Health Insurance
Date:5/8/2009

ROCKVILLE, Md., May 8 /PRNewswire-USNewswire/ -- The majority of uninsured American families who are not covered by group health insurance through an employer cannot afford to buy health insurance, according to a new study by HHS' Agency for Healthcare Research and Quality.

Some experts have suggested that because 23.8 million uninsured Americans under age 65 who do not have access to employer-based health insurance have incomes above the federal poverty line, they can afford to purchase policies if they so choose. But new data show otherwise.

"Wealth, Income, and The Affordability of Health Insurance," published in the May/June 2009 issue of Health Affairs, shows that measuring families' median net worth -- the value of their savings plus other assets minus debt rather than just income -- provides more precise estimates of the percentage who could purchase policies if they chose to do so. Until now, most studies have used income alone to estimate how many more Americans could be covered by health insurance.

"This study has important implications for defining who can afford to pay for health insurance in the next wave of health care reform," AHRQ Director Carolyn M. Clancy, M.D., said. "We need accurate, evidence-based findings to ensure that we are providing policymakers with reliable information."

Using national survey data, the researchers found that the median net worth of families who purchased health insurance was $105,819 -- nearly 35 times greater than the median net worth of only $3,057 for families who were uninsured. Median net worth means that half the families had net worth above or below that amount.

In contrast, the median income of families who purchased health insurance was $41,086 -- only 2.3 times greater than the median income of $17,690 for families who were uninsured.

The researchers, who used 2002 and 2003 data from AHRQ's Medical Expenditure Panel Survey, also found that 4.1 percent of families with access to employer-based health insurance were poor (family income below 100 percent of the federal poverty line) and 11.1 percent were low income (family income 100-199 percent of the federal poverty line). In contrast, among families without access to employer-based health insurance, 33.8 percent were poor and 28.4 percent were low income.

According to Didem Bernard, Ph.D., an AHRQ economist who led the research, the standard model based on income alone used by economists works well for estimating who will enroll in employer-based health insurance. However, it does not work well for who will purchase non-group coverage because it overestimates health insurance enrollment for people with low net worth and underestimates for people with high net worth.


'/>"/>
SOURCE Agency for Healthcare Research & Quality
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Photo: Levemir(R) Once-Daily Substantially Lowered Average Blood Sugar Levels of Patients with Type 2 Diabetes in TITRATE(R) Study
2. United Spinal Association Reports Positive Results of Stem Cell Transplantation to Treat Multiple Sclerosis: Study May be Key to Unlocking a Cure
3. 30-year follow-up study: Tremendous impact of smoking on mortality and cardiovascular disease
4. Study: Vibration plate machines may aid weight loss and trim abdominal fat
5. New Almond Study Finds Chewing is More Than Meets the Mouth: Thorough Chewing May Influence Feelings of Fullness
6. Study reveals current multi-component vaccines may need reworking
7. UIC receives $1M HUD grant to study green healthy housing
8. PEAK Surgical Announces Positive Fascia Incision Healing Results From Preclinical Study of PEAK PlasmaBlade(TM) for Gynecologic Surgery
9. New study reveals the financial effects of stroke in China
10. Study Finds That Patients With Excessive Sweating Condition Are More Likely to Develop Skin Infections
11. Study in pregnant women suggests probiotics may help ward off obesity
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/28/2017)... , ... March 28, 2017 , ... ... is pleased to be invited to the Siemens Healthineers annual customer education symposium, ... The event will take place from March 27 - 31, 2017 at the ...
(Date:3/28/2017)... NY (PRWEB) , ... March 28, 2017 , ... ... process management software and services, is proud to announce it has joined the ... professional association representing the interests of chronically ill, disabled, and dying Americans of ...
(Date:3/28/2017)... ... ... WHO: , Dr. Paul Thomas; Dr. Brian Hooker; Dr. Judy Mikovits; Dr. ... will speak to the press on behalf of over 200 doctors, scientists, and scientific ... commission. , WHERE: , Zenger Room, National Press Club, 529 14th Street NW, ...
(Date:3/28/2017)... ... March 28, 2017 , ... ... relocated its corporate headquarters to a new, more expansive office space in order ... 2016, Qualidigm purchased a distressed office building in Wethersfield, Conn. located at 936 ...
(Date:3/28/2017)... (PRWEB) , ... March 28, 2017 , ... The Executives, ... to raise money to for the Toys for Tots Literacy Campaign at their Semi-Annual ... in excess of $70 billion, the U.S. ranks at number 14 internationally in literacy. ...
Breaking Medicine News(10 mins):
(Date:3/28/2017)... March 28, 2017  Orexigen Therapeutics, Inc. (Nasdaq: ... for the fourth quarter and year ended December 31, ... of transformational progress for Orexigen, beginning with the re-acquisition ... Commencing early March, the team at Orexigen demonstrated remarkable ... which reshaped and strengthened our Company while rewarding us ...
(Date:3/28/2017)... and TORONTO , March ... leading full service medical device development firm, ... the visionary Toronto -based medical device ... will better serve medtech companies throughout North ... resources and experienced medical device talent spanning the design, ...
(Date:3/28/2017)... , March 28, 2017  Market leading ... announced a partnership with premium news content provider ... companies to extract key insights from Dow Jones ... technology. The Linguamatics I2E platform is ... global pharmaceutical companies. The Linguamatics-Dow Jones partnership helps ...
Breaking Medicine Technology: