Is Obamacare to Thank for 2014′s Lower Uninsured Rate?

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Source: Thinkstock

Source: Thinkstock

The uninsured rate has continued to decline since the requirement to have health insurance went into effect on January 1, 2014, according to the results of an early March survey of Americans for the Gallup-Healthways Well-Being Index. In fact, the survey found that the uninsured rate in the United States in on track to be the lowest quarterly level that Gallup and Healthways have measured since 2008. In the report, Gallup suggests that the drop could be a result of he Affordable Care Act.

The Affordable Care Act was designed to make affordable health insurance accessible to most all Americans via a two-part system: the expansion of Medicaid and the creation of insurance exchanges where individuals will be able to comparison-shop for health insurance policies in online marketplaces where their collective bargaining power will theoretically foster competition and drive down prices.

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Only weeks remain to sign up for insurance coverage via the insurance marketplaces created by the health care reform before the six-month enrollment period comes to a close. While it is yet unclear how close numbers will come to meeting the Obama administration’s goal for million enrollments, a figure that has been lowered from the original 7 million, it is true that uninsured rate for almost every major demographic group has dropped in 2014 so far.

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