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Report: Uninsured rate drops to the lowest point in Gallup poll history

Following the roll out of the Affordable Care Act, many wondered how well it would actually work. Both pundits and politicians on the left and right have defended their position on the issue of health care reform, but some things are just not debatable.

A report released by the Congressional Budget Office indicates that the Affordable Care Act will cost $5 billion less than originally projected for 2014.
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The White House recently released the enrollment numbers and found that more than 8 million people have signed up for private health insurance via the health care exchange. That number increases to well over 10 million if you include those who fall under the Medicaid expansion. According to the most recent Gallup poll, the current uninsured rate stands at 13.4 percent, down from 15 percent in March. The number is the lowest it has been since Gallup began tracking it since January of 2008.

"The uninsured rate peaked at 18.0% in the third quarter of 2013, but has consistently declined since then. This downward trend in the uninsured rate coincided with the health insurance marketplace exchanges opening in October 2013, and accelerated as the March 31 deadline to purchase health insurance coverage approached -- and passed -- for most uninsured Americans."

Minorities are seeing the biggest benefit of the ACA, or "Obamacare," with the African American uninsured numbers dropping the most.

"The rate dropped more among blacks than any other demographic group, falling 7.1 percentage points to 13.8%. Hispanics were expected to disproportionately benefit from the Affordable Care Act -- commonly referred to as "Obamacare" -- because they are the subgroup with the highest uninsured rate. Although the percentage of uninsured Hispanics, at 33.2%, is down 5.5 points since the end of 2013, this rate is still the highest by far across key demographic groups.

Similarly, the uninsured rate among lower-income Americans -- those with an annual household income of less than $36,000 -- has also dropped by 5.5 points, to 25.2%, since the fourth quarter of 2013."

The Affordable Care Act is far from perfect and has its fair share of critics on both sides of the aisle. But as more Americans see the benefits of the new law, the more likely they will be to support it. The ACA is finding support among those who most wouldn't expect to support it, and if that continues, it could only mean good things for the American people.

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