Notes 03-18 - Lecture 14: The Uninsured (overview) I. Intro...

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Lecture 14: The Uninsured (overview) I. Intro to the Uninsured a. Who are they? i. How many? 1. 45 million; 18% of the non-elderly population ii. Characteristics of the Uninsured 1. Poor: half earn below 50k/year a. Federal poverty line is $20k for a family of four b. Of families who are less than 200% of poverty line, a third are uninsured; only 5% of those more than 400% of the poverty line are uninsured c. 2/3 of the uninsured are poor 2. Younger and healthier- insurance is less than actuarially fair 3. May be non-workers? a. More likely to be uninsured b. Lots of uninsured are workers or dependents: 80% of uninsured are in families with workers 4. Less educated. The more educated are more likely to be insured (though this may be due to higher income) 5. Race is a factor too; Hispanics especially and blacks are overrepresented among the uninsured b. Why are people uninsured? i. Some people choose not to buy insurance 1. Some high income people buy other stuff instead; may be risk-loving or healthy
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Notes 03-18 - Lecture 14: The Uninsured (overview) I. Intro...

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