A large number of Americans are without health insurance coverage according to a government report. This number has dramatically increased for the first time in about a decade while the average US household income remained at the same level. The report also mentioned that this is a vital issue that may be crucial to next year’s U.S. presidential election.
In a carefully monitored annual report of data regarding healthcare and economic key trends in 2018, Census Bureau revealed a mixed image of how an average household fared during the second year of office of U.S. President Donald Trump. This year showed a time of strong growth for the economy and low levels of unemployment.
Still, according to reports, this period marked stable earnings, reduced poverty rate, and significant employment opportunities, especially for women.
But when it comes to household income, earnings fell and other sources of income stalled after years of steady growth. And despite these detailed reports, officials still could not pinpoint the cause. Also, around 27 million Americans or 8.5% of the population do not have health insurance coverage in 2018. Census explained that this was an increase of approximately 2 million in 2017 when 7.9 % of the people did not have health coverage.
Historical Increase In The Number Of Uninsured
This report saw the first yearly increase in the number of uninsured people in history. Census officials mentioned that this reverses the steady improvement in the coverage since the introduction of the Affordable Care Act in 2014.
President Trump campaigned on changing the ACA but failing in the process. He has taken steps to weaken the benefits and protections of the law, including the reduction of funding for groups that are assisting people in getting health insurance.
Among the groups that are experiencing the most significant jumps in the number of uninsured people are Hispanic groups, middle-class families that have incomes above the poverty level. There is also a substantial increase in electoral hot spots like Ohio and Michigan. The number of people who don’t have medical insurance increased up to 58,000 from these states.
Reduction Of Medicaid Coverage
A 0.7% reduction in people covered by Medicaid has also resulted in the national decline of health insurance coverage. Laryssa Mykyta, head of the Health and Disability Statistics at the census bureau said that the decrease in the public coverage contributed to the overall decline in those covered by various health insurance products.
Mykyta explained that coverage provided by private health insurance firms had shown a reduction; however, this number was not as significant considering the study’s margin of error.
Meanwhile, President Trump has defined the current state of the US economy as the strongest in the past regimes. He is focusing his reelection on the premise that he alone can keep the economy on track.
Current surveys have revealed that more people were having worries about a recession. More experts say that the Trump administration’s trade spat with China and other countries are negatively affecting economic growth.
Also, the new Census report may be an eye-opener as to how dangerous the administration’s economic policies are among his political measures.
Along with Ohio and Michigan, other states that have decreased healthcare coverage are Alabama, Arizona, Idaho, Tennessee, and Texas. All these states voted for President Trump in 2016.
The Census further elaborated that the average US household income was around $63,100 in 2018, which was not so different from $62,600 in 2017. This was despite a year where the country’s economic growth was enhanced by the president’s tax reforms and an increase in spending in the government.
At the end of 2018, unemployment has decreased to 3.9% and has declined more in something regarded as the longest economic expansion in US history.