Up until now, the individual market has been fairly small, encompassing less than 5 percent of the nonelderly population. Prior to the PPACA’s implementation, most insured people got coverage through their employers or through public coverage.
However, according to the foundation’s analysts, the individual market is expected to see significant growth as millions of previously uninsured people obtain health plans through the exchanges established by the healthcare reform law. By 2016, the Congressional Budget Office projects 18 million additional people will have individual coverage.
Here are some more key statistics on the nongroup market.
1. In 2011 and 2012, there were about 131 million covered months — or 10.9 million full years — of enrollment in nongroup major medical coverage, according to the KFF analysis.
2. An estimated 19 million nonelderly people were covered by health plans purchased directly from insurers in 2011, according to the Annual Social and Economic Supplement of the Current Population Survey conducted by the Census Bureau.
3. In 2011, about 8 million of those people with individual coverage also had other types of coverage such as employer-sponsored plans or Medicaid during the year.
4. About 11 million nonelderly people reported policies purchased directly from insurers as their only source of coverage in 2011.
More Articles on Health Insurance Coverage:
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