Health Insurance Coverage in the United States: 2022 (2024)

FAQs

How much of the US is covered by health insurance? ›

Highlights. More people were insured in 2022 than 2021. In 2022, 92.1 percent of people, or 304.0 million, had health insurance at some point during the year, representing an increase in the insured rate and number of insured from 2021 (91.7 percent or 300.9 million).

In 2022, most people (92.1 percent) had health insurance coverage at some point during the calendar year (Table 1 and Figure 1). That means 7.9 percent of people were uninsured for the entire calendar year. More people had private health insurance (65.6 percent) than public coverage (36.1 percent).

As of 2022, only five states (California, Massachusetts, Rhode Island, New Jersey and Vermont) and the District of Columbia require all eligible residents to declare annual proof of health insurance coverage on state taxes.

The average national monthly health insurance cost for one person on an Affordable Care Act (ACA) plan without premium tax credits in 2024 is $477.

Average annual health insurance premiums in 2023 are $8,435 for single coverage and $23,968 for family coverage. These average premiums each increased 7% in 2023. The average family premium has increased 22% since 2018 and 47% since 2013.

Most Blue Cross Blue Shield members can rest easy since Blue Cross Blue Shield coverage opens doors in all 50 states and is accepted by over 90 percent of doctors and specialists.

As of 2022, more than 100 million Americans carried debt related to obtaining health care, according to the Kaiser Family Foundation. Commonwealth Fund President Joseph Betancourt, M.D., also suggested that high health care costs are linked to Americans having one of the highest rates of chronic disease in the world.

There are many possible reasons for that increase in healthcare prices: The introduction of new, innovative healthcare technology can lead to better, more expensive procedures and products. The complexity of the U.S. healthcare system can lead to administrative waste in the insurance and provider payment systems.

The Share of Americans without Health Insurance in 2022 Matched a Record Low. In 2022, 26 million people — or 7.9 percent of the population – were uninsured, according to a report in September 2023 from the Census Bureau.

If you don't have health insurance, you're at much greater risk of accumulating medical bills that you may not be able to pay. In a worst-case scenario, you could be sued and have your wages garnished. You might even be forced into bankruptcy.

Can you live in USA without health insurance? ›

Health insurance is not mandatory at the federal level for adults. While there is no federal requirement for adults to have health insurance, it's essential to consider the importance of having coverage to protect your health and finances in the event of unexpected medical expenses.

Medicaid and the Children's Health Insurance Program (CHIP) provide free or low-cost health coverage to some low-income people, families and children, pregnant women, the elderly, and people with disabilities.

How much does health insurance cost in California? The average cost of health insurance in California is $600 per month in 2024. That's for a 40-year-old with a Silver plan. Bronze plans usually have cheaper rates, but they also have less coverage.

Another option for affordable health insurance is a short-term plan. Plans can have rates as low as $100 to $200 per month, but coverage often has restrictions. Plans could have high deductibles or not cover prescriptions or preexisting conditions.

How much does the average person pay for Obamacare? Obamacare costs an average of $584 per month for a 40-year-old with a Silver plan. Your age affects your monthly rates. A 20-year-old pays an average of $443 per month for a Silver plan, while a 60-year-old pays an average of $1,240 per month, before subsidies.

U.S. health expenditure as percent of GDP 1960-2022

In 2022, U.S. national health expenditure as a share of its gross domestic product (GDP) reached 17.3 percent, this was a decrease on the previous year. The United States has the highest health spending based on GDP share among developed countries.

Government insurance programs, such as Medicare and Medicaid, made up 45 percent, or $1.9 trillion, of national healthcare spending. Private insurance programs, including employer-provided health insurance as well as plans purchased through the Affordable Care Act, accounted for 30 percent, or about $1.3 trillion.

The data are presented by type of service, sources of funding, and type of sponsor. U.S. health care spending grew 4.1 percent in 2022, reaching $4.5 trillion or $13,493 per person. As a share of the nation's Gross Domestic Product, health spending accounted for 17.3 percent.