by Jessica Nix
The number of Americans without health insurance dropped by about a fourth from 2019 to 2023, US health researchers said, as the government tried to bolster coverage during and after the Covid-19 pandemic.
In 2023, 25 million Americans of all ages were uninsured, down from 33.2 million in 2019, according to preliminary survey results released Tuesday by the US National Center for Health Statistics. Children without health insurance also declined from 5.1% in 2019 to 3.9% last year.
Health officials trying to limit the ravages of the pandemic scrambled to maintain health coverage, in part by putting off reviews of Medicaid eligibility that would have purged some beneficiaries from rolls of the program for low-income Americans. While that benefit persisted through 2023, states are now beginning to review their rolls again, with the possibility that health coverage will decrease.
According to the survey, 23% of US adults aged 18 to 64 with health coverage were part of a public program, such as Medicaid, up by 3% since 2019.
More than 64% of people under the age of 65 were covered by private insurance last year, according to the survey, while about 29% were covered by public insurance, including military programs, state employee programs, Medicaid and Medicare, the program for the elderly and disabled people.
People without health insurance tend to be lower-income families and reflect disparities in racial and ethnic groups, the researchers said. Insurance among Hispanics declined by about 5% over the five-year study period. However, about one in four Hispanic adults still did not have health insurance coverage in 2023, the highest percentage of any racial group. Less than 5% of non-Hispanic Asian adults were uninsured last year, the lowest of any group, and the percentage declined by more than 4% over five years.
The biannual report from the NCHS, a unit of the Centers for Disease Control and Prevention, is based on preliminary results from an interview survey conducted last year.
Copyright Bloomberg News
It's a showdown for the ages as wealth managers assess its impact on client portfolios.
CEO Ritik Malhotra is leveraging Savvy Wealth's Fidelity partnership in offers to Commonwealth advisors, alongside “Acquisition Relief Boxes” filled with cookies, brownies, and aspirin.
Fraud losses among Americans 60 and older surged 43 percent in 2024, led by investment schemes involving crypto and social manipulation.
The alternatives giant's new unit, led by a 17-year veteran, will tap into four areas worth an estimated $60 trillion.
"It's like a soap opera," says one senior industry executive.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
