Commercial Health Insurance Share Of Payer Market Drops Three Percentage Points: OPEN MINDS Releases Update On U.S. Insurance Coverage & Trends Between 2011 & 2018
Gettysburg, Pa, Feb. 04, 2020 (GLOBE NEWSWIRE) -- A new report by OPEN MINDS, U.S. Insurance Coverage & Trends, 2011-2018: An OPEN MINDS Reference Guide, found that the majority (56%) of the U.S. population was covered by commercial health insurance, including those with employer-sponsored coverage, health insurance marketplace coverage, and self-insured. This is down three percentage points from 2016, when 59% of the U.S. population was covered by commercial health insurance.
Although the majority of the population was covered by commercial health insurance in 2018, 9% of the population was uninsured. The uninsured rate dropped six percentage points from 2011 when 15% of the population was uninsured.
This report provides an analysis of trends of U.S. insurance coverage between 2011 and 2018 including those who are covered by commercial insurance (employer-sponsored; health insurance marketplace coverage; self-insured), publicly-sponsored insurance (Medicare, Medicaid, Medicare-Medicaid dual eligible), TRICARE, and the uninsured. The report also includes a state-by-state breakdown of trends by payer between 2016 and 2018, as well as the trends for the uninsured population by state.
“At both the state and national level, we have seen a number of changes occur over the past decade, which have had a significant impact on payer distribution” said OPEN MINDS Executive Vice President Corinne Kuypers-Denlinger. “When considering the three major factors that affect health insurance coverage—state policy, commercial market, and demographics—these factors have contributed not only to decreases in enrollment, but also increases in uninsured rates. As a result, the number of individuals with health insurance has decreased for the first time since the passage of the Patient Protection & Affordable Care Act in 2010.”
A free summary analysis of the report can be found at: How Big Is The Ocean? Health Insurance Coverage & Strategy. The report, U.S. Insurance Coverage & Trends, 2011-2018: An OPEN MINDS Reference Guide, is available at no charge to Premium and Elite members of The OPEN MINDS Circle and can be purchased in the OPEN MINDS shop for $295.
ABOUT OPEN MINDS
OPEN MINDS is an award-winning information source, executive education provider, and business solutions firm specializing in the domains of health and human services serving consumers with chronic conditions and complex support needs. For thirty years, we’ve been pioneers for change – helping organizations implement the transformational business practices they need to succeed in an evolving market with new reimbursement, competition, policies, and regulations.
OPEN MINDS is powered by a national team of experienced executives and subject matter experts with specific expertise and experience in nine key market areas – mental health, addictions, chronic conditions, autism and intellectual/developmental disabilities, long-term care, children’s services, social services, juvenile justice, and corrections health care. Our mission is to improve the quality of care for consumers with complex support needs by improving the effectiveness of those serving them – provider organizations, payer and insurance organizations, government agencies, pharmaceutical organizations, and technology firms. Learn more at www.openminds.com.
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Corinne Kuypers-Denlinger OPEN MINDS 717-334-1329 openminds@openminds.com
