- SEPTEMBER 26, 2011
Health insurance remains closely tied to employment. Don’t expect a turnaround until the jobs picture improves.
- By SALLY C. PIPESMs. Pipes is president and CEO of the Pacific Research Institute in San Francisco. Her latest book is “The Truth About Obamacare” (Regnery 2010).
But that large number hides more than it reveals. And diving into it shows that the uninsured rate won’t fall unless the economy starts humming again. Unfortunately, ObamaCare’s billions of dollars in new taxes and regulations won’t allow that to happen.
Let’s take a closer look at the 49.9 million uninsured. The Census reports that 9.5 million of them, about 19%, have household incomes over $75,000. In other words, a fifth of the uninsured make at least 50% more than the median American. They can afford to purchase a plan but have chosen not to.
Another 8.8 million uninsured make between $50,000 and $75,000. Paying for coverage might be more of a stretch for these folks, but they still have incomes higher than the majority of Americans. (more…)