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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Leadership

How Obamacare has impacted the uninsured rate

By
Claire Groden
Claire Groden
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By
Claire Groden
Claire Groden
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June 23, 2015, 12:30 PM ET
Obamacare's 6-Million Target Hit As Exchange Sees Visits Surge
An Affordable Care Act application and enrollment help sign stands outside a Westside Family Healthcare center in Bear, Delaware, U.S., on Thursday, March 27, 2014. Six million Americans have signed up for private health plans under Obamacare, President Barack Obama said, a symbolic milestone for a government that has struggled to get the law off the ground. Photographer: Andrew Harrer/Bloomberg via Getty ImagesPhotograph by Andrew Harrer — Bloomberg via Getty Images
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An annual survey by the Centers for Disease Control and Prevention (CDC) recorded the sharpest drop in uninsured adults in 2014 since the survey began in 1997. The uninsured rate among adults under 65 dropped from 20.4 percent in 2013 to 16.3 percent in 2014. The uninsured rate among adults 19-25, especially, saw progress from 31.3 percent uninsured to 26.9 percent in 2014.

The growing prevalence of insurance reflects the start of Obamacare’s expanded coverage in January 2014. In states that accepted Medicaid expansion with Obamacare, the percentage of insured adults dropped from 18.4 to 13.3 percent — 2 percentage points more than the drop in states that refused the expansion.

But there’s still much more to do before all Americans have health insurance. The survey found that a total of 36 million people were uninsured at the time the survey was taken. Now, a Supreme Court decision is expected within the week on King v. Burwell, which will determine if the insurance subsidies given to 6.4 million Americans through the Affordable Care Act are constitutional. If not, then President Obama’s signature legislation could be crippled.

 

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