More Adults Are Living With No Health Insurance

Health Insurance Study

The Gallup-Sharecare Well-Being Index released its own findings. This report revealeddemonstrated that the amount of Americans without health insurance has improved on the last year. This is out of the historical low of 10.9% at the end of 2016, to roughly 11.7percent this past year. This.8% increase in uninsured individuals represents approximately 2 million American adults. In accordance with the report, most these uninsured people are young adults. Many of them need to purchase their own insurance for the very first time. That is particularly troublesome since participation by young adults is required to help keep premiums low. There are quite a few distinct explanations forwhy a new adult might choose to remain uninsured. Let's take a look at a few of them.

Healthful Life Style

Millennials have started to choose healthy alternatives to take out.

1 potential reason behind this hop may be the wellness of uninsured teenagers. Now, many young adults are concerned with their overall fitness levels. Research has proven that obesity between the ages of 19-35 has decreased (.5%), while exercise behavior has risen almost 5% over an 8 yr period. Yet another study shows that millennials are avoiding take out and only healthy food choices. These young adults that have been in a healthy body might not observe the benefits of being insured. Instead, they choose to forego policy altogether.

Rising Premiums/Fewer Options

Medical insurance costs have improved significantly in the last six months.

Still another possible reason why young adults may choose to stay clear of becoming insured is due to the shortage of available alternatives and sky-rocketing premiums. On the past 3 decades, the sum of health carriers engaging in the ACA has steadily decreased. From a nation-wide average of 5.9 participants back in 2015, there were still just 3.9 participants in 2017. With fewer and fewer health insurance options available to people, the rest of the insurers have also begun to drastically increase their own premiums. As the changes in premiums vary from country to say, the vast majority of insurance companies will probably see significantly more than a 15% growth in their yearly charge.

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