Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance > Life Insurance Strategies

Analysis: Uninsured Workers Cost Society Billions

X
Your article was successfully shared with the contacts you provided.

The U.S. public paid about $45 billion in 2004 to help full-time workers and dependents of full-time workers who have no employer-sponsored health coverage.

Columbia University researchers have published data supporting that estimate in an analysis released by the Commonwealth Fund, New York.

The total includes $33 billion spent on covering full-time workers and dependents through public insurance programs, such as Medicaid, and about $12 billion spent on health care for full-time workers and dependents who had no health coverage, the researchers write.

The number of uninsured, full-time workers and dependents increased to 19 million in 2004, from 16 million in 1999, the researchers report.

The number of full-time workers and dependents in public insurance programs increased to 11 million, from 6 million, the researchers report.

At employers with 100 or more employees, the number of uninsured employees and dependents increased to 5 million in 2004, from 4 million in 1999.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.