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Health Insurance in US (Overview)

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by

Gregory Wellman

on 27 August 2014

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Transcript of Health Insurance in US (Overview)

Breakdown of Health Insurance
These are APPROXIMATIONS derived from: U.S. Department of Commerce. Economics and Statistics Administration. U.S. Census Bureau. Health Status, Health Insurance, and Medical Services Utilization: 2010. Available at: www.census.gov/hhes/www/hlthins/index.html
Those without health insurance...
Predominantly under the age of 65
2/3 of these are from families with incomes less than 200% of the poverty line
More likely to be in poor or fair health than insured counterparts
Those with public health insurance
Made up of Medicare, Medicaid and Children's Health Insurance Program (CHIP)
3/4 of these are from families with incomes less than 200% of the poverty line
More likely to be in poor or fair health than insured counterparts
Recession:
An economic decline that results in two consecutive quarters of negative GDP growth.

Gross Domestic Product (GDP):
The monetary value of all the goods and services produced within a country's borders during a time period.

Depression:
Two or more years of recession (so, 8 or more quarters). In truth, there are actually a number of non-quantified definitions...

http://www.tradingeconomics.com/united-states/gdp-growth
Full transcript