CLEVELAND, Sept. 19, 2017 /PRNewswire/ -- The US uninsured population is expected to decrease to 26.9 million individuals in 2021, according to Healthcare Insurance: United States, a report recently released by Freedonia Focus Reports. Factors contributing to the decline include continued improvements in the labor market, which will help individuals gain private coverage; uninsured persons reaching the age of 65 and qualifying for Medicare; continued gains in Medicaid enrollment; and some gains in the direct purchase sector, including policies from the Health Insurance Marketplace.
More information about the report is available at
Notably, Medicare enrollment is forecast to outpacing gains in Medicaid and private healthcare insurance. The number of persons 65 years of age and older is projected to rise 3.3% per year between 2016 and 2021, more than four times as fast as the total population.
These and other key insights are featured in Healthcare Insurance: United States. This report forecasts US healthcare insurance coverage and healthcare funding in US dollars to 2021. Total healthcare insurance coverage is provided in terms of the number of persons insured and uninsured. Also forecast to 2021 is the number of persons enrolled in the following major insurance types:
- employer-sponsored private insurance
- direct-purchase private insurance
- Children's Health Insurance Program (CHIP)
Because a person's healthcare insurance coverage may include more than one type of plan at one point in time and/or different types during a calendar year, double counting occurs.
US healthcare funding is forecast to 2021 in US dollars and segmented by source as follows:
- private healthcare insurance
- healthcare investment
- other healthcare insurance programs, other third-party payers and programs, and public health activity
To illustrate historical trends, healthcare insurance coverage, and healthcare funding, the various segments are provided in annual series from 2006 to 2016.
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Services & Industries reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
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SOURCE The Freedonia Group