Income, Poverty and Health Insurance Coverage in the United States: 2015 (Live webcast)


*** *** *** *** *** *** *** >>I’D LIKE TO WELCOME EVERYONE
FOLLOWING THIS BROADCAST TODAY WE’RE RELEASING OUR NATIONAL
ESTIMATES OF INCOME, POVERTY, AND HEALTH INSURANCE FOR THE
ANNUAL SOCIAL AND ECONOMIC SUPPLEMENT FOR THE 2015 CALENDAR
YEAR AS WELL AS HEALTH INSURANCE COVERAGE TRENDS.
ADDITIONALLY, WE ARE RELEASING 2015 FINDINGS FOR THE
SUPPLEMENTAL POVERTY MEASURE. HERE’S OUR PROGRAM FOR TODAY’S
NEWS CONFERENCE. FIRST, WE’RE PLEASED TO HAVE DAVID
WADDINGTON, THE CHIEF OF OUR SOCIAL, ECONOMIC, AND HOUSING
STATISTICS DIVISION TO DISCUSS THE FINDINGS. AS ALWAYS, DURING
NEWS CONFERENCES, ONCE THE PRESENTATION CONCLUDES, WE WILL
OPEN THE PHONE LINE TO QUESTIONS FROM REPORTERS. LET ME POINT
OUT THAT ONNING OUR HOME PAGE WE’LL — ON OUR HOME PAGE WE’LL
POST A VARIETY OF RESOURCES TO ASSIST YOU IN YOUR STORIES. AT
THE TOP OF THE PAGE AN YOU’LL BE SENT TO AN ELECTRONIC PRESS
KIT THAT CONTAIN OUR WEBINAR SLIDES. WITHOUT FURTHER
ADO, MR. DAVID WADDINGTON. THANK YOU, MICHAEL. GOOD
MORNING AND THANK YOU FOR JOINING US. TODAY WE’RE
RELEASING NATIONAL INCOME, POVERTY, AND NATIONAL HEALTH
INSURANCE COVERAGE ESTIMATES. ME BEGIN WITH THE MAIN FINDINGS.
LEADING HOUSEHOLD INCOME FOR THE NATION WAS 56 THOUSAND 5
HUNDRED DOLLARS IN 2015, AN INCREASE IN REAL TERMS OF 5.2%
FROM THE 2014 MEDIAN OF 53 THOUSAND 7 HUNDRED DOLLARS.
OFFICIAL POVERTY RATE IN 2015 WAS 13.5% DOWN 1.2 PERCENTAGE
POINTS FROM 2014. IN 2015, THERE WAS 43.100-0000 PEOPLE IN
POVERTY. 3.5 MILLION LESS THAN IN 2014. THE
PERCENTAGE OF PEOPLE WITHOUT HEALTH INSURANCE COVERAGE FOR
THE CALENDER YEAR WAS — THREE
REPORTS TODAY. INCOME AND POVERTY IN THE UNITED STATES FOR
2015. HEALTH INSURANCE COVERAGE IN THE UNITED STATES,
2015. AND THE SUPPLEMENTAL POVERTY MEASURE, 2015. THIS IS
THE SECOND TIME WE HAVE RELEASED THE SPM ESTIMATES AT THE SAME
TIME AS THE OFFICIAL POVERTY ESTIMATES. THE INCOME AND
POVERTY REPORT AND THE SPM REPORT ARE BASED ON DATA FROM
THE CURRENT POPULATION SURVEYS. CURRENT POPULATION SURVEY IS
THE LONGEST RUNNING SURVEY CONDUCTED BY THE CENSUS BUREAU
AND IS THE OFFICIAL SOURCE OF NATIONAL POVERTY ESTIMATES
CALCULATED WITH THE OFFICE OF MANAGEMENT AND BUDGET. THE
HEALTH INSURANCE REPORT INCLUDES DATA FROM THE CURRENT
POPULATION SURVEY AND THE AMERICAN COMMUNITY SURVEY. THE
AMERICAN COMMUNITY SURVEY IS AN ONGOING SURVEY THAT’S A MUCH
LARGER SAMPLE SIZE MAKING IT THE RECOMMENDED SOURCE OF HEALTH
INSURANCE STATISTICS. ME GIVE MORE DETAILS ABOUT THE CHANGES
OBSERVED IN INCOME. CHART SHOWS THE MEDIAN HOUSEHOLD INCOME FOR
1967 TO 2015 IN REAL INFLATION ADJUSTED DOLLARS. RECESSIONS AS
DEFINED BY THE NATIONAL BUREAU OF ECONOMIC RESEARCH ARE
DEPICTED IN THIS AND ALL-TIME SERIES CHARTS IN LIGHT BLUE
SHADING. MEDIAN REPRESENTS THE POINT ON THE DISTRIBUTION OF
HOUSEHOLD INCOME AT WHICH HALF THE HOUSEHOLDS HAVE INCOME ABOVE
IT AND HALF HAVE INCOME BELOW IT. HOUSEHOLD INCOME WAS
$56,500 IN 2015. AN INCREASE OF 5.2% FROM THE 2014 MEDIAN OF
$53,700. THIS IS THE FIRST ANNUAL INCREASE IN MEDIAN
HOUSEHOLD INCOME SINCE 2007. SELECTED DEMOGRAPHIC
CHARACTERISTICS, THIS NEXT CHART SHOWS HOUSEHOLD INCOME BY AGE
OF HOUSEHOLDER FROM 2014 AND 2015. THE PATTERN. WITH THE
HOUSEHOLD AGES 15 TO 16 WITH THE LOWEST MEDIAN INCOME. ALL
HOUSEHOLDS, AGE — ALL HOUSEHOLDERS AGE 25 AND OLDER
HAD A REAL MEDIAN INCOME INCREASE BETWEEN 14 AND 15.
SHOW HOUSEHOLD INCOME BY RACE AND HISPANIC ORIGIN. THE REAL
MEDIAN INCOME OF NON-HISPANIC WHITE, BLACK, AND HISPANIC
ORIGIN HOUSEHOLDS INCREASED 4.4%, 4.1%, AND 6.1% RESPECTIVELY
BETWEEN 2014 AND 2015. AMONG THE RACE GROUPS, ASIAN
HOUSEHOLDS HAD THE HIGHEST MEDIAN HOUSEHOLD INCOME IN 2015
THOUGH THE 2014 TO 2015 PERCENTAGE CHANGE IN THEIR REAL
MEDIAN INCOME WAS NOT STATISTICALLY SIGNIFICANT.
WHITE HOUSEHOLDS AND BLACK HOUSEHOLDS EXPERIENCED AN ANNUAL
INCREASE LAST IN ANNUAL INCOME IN 2007. ASIAN INCOMES LAST
EXPERIENCED AN INCREASE IN 1999. THIS NEXT CHART SHOWS
HOUSEHOLDS INCOME . MEDIAN HOUSEHOLD INCOME
BETWEEN 2014 AND 2015 OF HOUSEHOLDS WITH A FOREIGN BORN
HOUSEHOLDER INCREASED 5.3%. THE MEDIAN INCOME OF A NATIVE
BORNING HOUSEHOLDER INCREASED 5.4%. AND THE NONCITIZEN
HOUSEHOLDER INCREASED 5.10%. MEDIAN INCOME OF HOUSEHOLDS WITH
A NATURALIZE CITIZEN HOUSEHOLDER WAS NOT
STATISTICALLY DIFFERENT FROM THE 2014 MEDIAN. IN 2015,
HOUSEHOLDS WITH THE NATURALIZE CITIZEN HOUSEHOLDER HAD THE
HIGHEST MEDIAN HOUSEHOLD INCOME FOLLOWED BY HOUSEHOLDS WHERE THE
NATIVE BORN HOUSEHOLDER. 10% OF HOUSEHOLDS
HAD INCOME BELOW $13,300. 10% OF HOUSEHOLDS HAD INCOMES ABOVE
$152,200. AND 5% HAD INCOMES ABOVE $214,500. IN THE
RELATIONSHIP OF THESE INCOME MEASURES AND THE SHARES OF
INCOMES THEY APPROXIMATE TESS CAN INDICATE — CAN INDICATION
HOW INCOME INEQUALITY IS CHANGING. HAVE A GENE KNEE
INDEX. IT INDICATES HIGHER INEQUALITY AS THE INDEX
APPROACHES ONE. BASED ON ADJUSTED INCOME
WHICH ADJUSTS FOR FAMILY SIZE AND ECONOMY FOR SCALE, THE GE
INDEX WAS .462 IN 2016. ALSO NOT DIFFERENT IN
2015. THESE NEXT SLIDES — AGED 15 AND OLDER. HERE WE SEE
DATA FOR REAL MEDIAN EARNINGS AND FEMALE TO MALE EARNINGS
RATIOS FOR FULL TIME YEAR ROUND WORKERS FROM 1960 TO 2015. THE
MEDIAN EARNINGS OF MEN AND WOMEN — BETWEEN 2014 AND 2015.
THIS IS THE FIRST SIGNIFICANT ANNUAL INCREASE
SINCE 2009. FEMALE TO MALE EARNINGS RATIO WAS 80% IN 2015.
STATISTICALLY DIFFERENT FROM 2014. THIS RATIO IS UP FROM 61% IN 1960. THIS SLIDE SHOWS THE
NUMBER OF WORKERS HISTORICALLY BY WORK EXPERIENCE AND SEX.
2014 AND 2016 IT INCREASED BY ABOUT 3.3 MILLION. THE NUMBER
OF MEN AND WOMEN FULL TIME YEAR ROUND WORKERS INCREASED BY 1.4
MILLION AND 1 MILLION RESPECTIVELY BETWEEN 2014 AND
2015. NOW WE’LL LOOK AT POVERTY. THE OFFICIAL POVERTY
RATE IN 2015 WAS DOWN — 2015, THERE WERE 43.1 MILLION PEOPLE
IN POVERTY DOWN FROM 46.7 MILLION PEOPLE IN 2014. IN 2015
A FAMILY WITH TWO ADULTS AND TWO CHILDREN WAS CATEGORIZED AS
IN POVERTY IF ITS INCOME WAS LESS THAN $24,036. HERE WE
DEMONSTRATE THE DIFFERENCE IN POVERTY TRENDS ACROSS RACE AND
HISPANIC ORIGIN GROUPS. FOR NON-HISPANIC WHITES, IT
DECREASED IN 2015 DOWN FROM 10.1% IN 2014. THE POVERTY RATE
FOR BLACKS DECREASED TO 24.1% IN 2015 DOWN FROM 26.2% IN 2014.
HISPANICS, THE POVERTY RATE RE-DEED TO — DECREASED. ASIANS WITH A
POVERTY RATE OF 11.4% IN 2015 WERE THE ONLY MAJOR RACIAL GROUP
TO SHOW NO CHANGE IN THEIR POVERTY RATE FROM 2014. THIS
SLIDE LOOKS AT POVERTY RATES BY AGE. IN 2015, POVERTY RATES
DECLINED FOR ALL THREE MAJOR AGE GROUPS. FOR CHILDREN UNDER AGE
18, 19.7% WERE IN POVERTY IN 2015. DOWN FROM 21.1% IN 2014.
IN 2015 DECREASED FOR PEOPLE AGED 18 TO 64 TO 12.4%, DOWN
FROM 13.5%. FOR PEOPLE AGED 65 AND OLDER, THE 2015 POVERTY RATE
DECLINED TO 8.8% IN 2015 FROM 10% IN 2014. AGE MATTERS. GENDER
DIFFERENCES IN POVERTY RATES WERE MORE PRONOUNCED FOR PEOPLE
AGED 18 TO 24 AND PEOPLE AGED 25 TO 34. POVERTY RATE FOR WOMEN
AGED 25 TO 34 WAS 16% WHILE THE POVERTY RATE FOR MEN AGED 25 TO
34 WAS 9.9%. A 6.1%AGE POINT DEFERENCE. THE POVERTY RATE FOR
WOMEN AGED 18 TO 24 WAS 5.3 PERCENTAGE POINTS HIGHER THAN
THE POVERTY RATE FOR MEN IN THIS SAME AGE GROUP. ON THE OTHER
HAND, FOR CHILDREN UNDER AGE 18 THE POVERTY RATE FOR GIRLS WAS
NOT 125 AT THISESICLY — THAN THAT OF BOYS. IT’S BASED SOLELY
ON MONEY INCOME BEFORE TAXES AND POVERTY THRESHOLDS DEVELOPED
50 YEARS AGO. IN 2009, THE OFFICE OF MANAGEMENT AND BUDGET
FORMED AN INTERAGENCY TECHNICAL WORKING GROUP. THIS GROUP
PROVIDED THE CENSUS BUREAU AND THE BUREAU OF LABOR STATISTICS A
SET OF OBSERVATIONS TO SERVE AS A ROAD MAP IN THE DEVELOPMENT
OF THE SUPPLEMENTAL POVERTY MEASURE OR SPM. IS SPM WILL NOT
REPLACE THE OFFICIAL POVERTY MEASURE OR BE USED TO DETERMINE
ELIGIBILITY FOR GOVERNMENT PROGRAMS. THE SPM USES
THRESHOLDS FROM THE CONSUMER SURVEY DATA WITH SEPARATE
THRESHOLDS FOR RENTERS, HOMEOWNERS WITH A MORNING, AND
THOSE WHO OWN THEIR HOMES FREE AND CLEAR. THE THRESHOLDS ARE
ADJUSTED FOR GEOGRAPHIC DISTANCES AND HOUSING COSTS.
MEASURE BEGINS WITH A PRETAX CASH INCOME BUT ADDS ESTIMATES
OF THE VALUE OF TAX CREDITS AND HOUSING, ENERGY, AND NUTRITIONAL
ESTIMATES. IT FURTHER SUBTRACTS ESTIMATES OF PAYROLL
TAXES, CHILDCARE, OTHER WORK EXPENSES.
THE SECOND TIME WE’RE RELEASING THE SPM ESTIMATE AS ON
THE SAME DAY. THE SPM RATE FOR ADULTS
AGE 18 TO 64 FELL FROM 15% IN 2014 TO 13.8% IN 2015. THIS SLIDE COMPARES THE ESTIMATES FOR
PEOPLE OF ALL AGES AND BY AGE GROUP. THE 2015SPM RATE FOR THE
ENTIRE POPULATION WAS 14.3%. PERCENTAGE POINTS HIGHER THAN
THE 2015 OFFICIAL POVERTY RATE. LOOKING AT THE SPECIFIC AGE
CATEGORIES, IS SPM RATE WAS LOWER THAN THE OFFICIAL POVERTY
RATE FOR CHILDREN BUT HIGHER THAN THE RATE FOR PEOPLE AGED 18
TO 64 AND PEOPLE AGED 65. THIS GRAPH SHOWS THE
IMPACT OF THE ADDITION OR SUBTRACTION OF A SINGLE RESOURCE
ELEMENT. SOME OF THESE ELEMENTS SUCH AS SOCIAL SECURITY
AND UNEMPLOYMENT INSURANCE ARE INCLUDED IN THE INCOME MEASURE
USED IN THE OFFICIAL POVERTY ESTIMATE. SUCH AS SNAP
BENEFITS AND REFUNDABLE TAX CREDITS ARE INCLUDED ONLY IN THE
SPM RESOURCE MEASURE. USING THIS CHART, WE CAN SEE THE 26.6
MILLION PEOPLE WERE TAKEN OUT OF POVERTY BY SOCIAL SECURITY
BENEFITS. 9.2 MILLION PEOPLE WERE TAKEN OUT OF POVERTY BY
REFUNDABLE TAX CREDITS AND 4.6 MILLION PEOPLE WERE TAKEN OUT OF
POVERTY BY SNAP BENEFITS OR FOOD STAMPS. HOWEVER, BY
SUBTRACTING MEDICAL OUT OF POCKET EXPENSES FROM INCOME
INCREASED THE NUMBER OF PEOPLE IN POVERTY BY 11.2 MILLION
PEOPLE USING THE SPM. NOW I’D LIKE TO TURN TO HEALTH
INSURANCE. TIME, CHANGES IN THE RATE OF HEALTH INSURANCE
COVERAGE AND THE DISTRIBUTION OF COVERAGE TYPES MAY REFLECT
ECONOMIC TRENDS, SHIFTS IN THE DEMOGRAPHIC COMPOSITION OF THE
POPULATION. SEVERAL SUCH CHANGES OCCURRED IN 2014 WHEN
MANY PROVISIONS OF THE PATIENT PROTECTION AND AFFORDABLE CARE
ACT WENT INTO EFFECT. IN 2015, MOST PEOPLE, 90.9% HAD INSURANCE
COVERAGE AT SOME POINT IN THE YEAR. WITH MORE PEOPLE HAVING
PRIVATE INSURANCE AT 67.2% THAN GOVERNMENT COVERAGE AT 37.1%.
THE SUB TYPES OF HEALTH INSURANCE, EMPLOYMENT-BASED
INSURANCE COVERED THE MOST PEOPLE. FOLLOWED BY MEDICAID.
DIRECT PURCHASE WHICH INCLUDES HEALTH INSURANCE EXCHANGES AND
MILITARY HEALTHCARE. THE PERCENTAGE OF PEOPLE COVERED BY
ANY TYPE OF HEALTH INSURANCE INCREASED BY 1.3 PERCENTAGE
POINTS TO 90.9% IN 2015. IN BOTH PRIVATE HEALTH INSURANCE
COVERAGE AND GOVERNMENT COVERAGE CONTRIBUTED TO THE OVERALL
INCREASE IN COVERAGE BETWEEN 2014 AND 2015. RATE OF PRIVATE
COVERAGE INCREASED BY 1.2 PERCENTAGE POINTS TO 67.2 % IN 2015. THE OVERALL RATE OF
BOTH PRIVATE AND GOVERNMENT HEALTH INSURANCE INCREASED,
RATES HAVE NOT CHANGED FOR EVERY SUB TYPE OF HEALTH INSURANCE.
BETWEEN 2014 AND 2015, COVERAGE RATES INCREASED FOR TWO TYPES OF
COVERAGE, DIRECT PURCHASE AND MEDICARE. THE LARGEST
PERCENTAGE POINT CHANGE IN COVERAGE WAS FOR DIRECT PURCHASE
WHICH INCREASED BY 1.7 PERCENTAGE POINTS. THE MEDICARE
COVERAGE RATES INCREASED BY 0.3 PERCENTAGE POINTS FOR THE
POPULATION AS A WHOLE. HOWEVER, THIS INCREASE WAS DUE TO AN INCREASE IN THE NUMBER OF
PEOPLE AGED 65 AND OVER AND NOT TO CHANGES IN MEDICARE COVERAGE
RATES WITHIN A PARTICULAR AGE GROUP. COVERAGE RATES DID NOT
CHANGE FOR THE OTHER TYPES OF HEALTH INSURANCE BETWEEN 2014
AND 2015. HERE ON THE RIGHT, WE SEE THE CHANGE IN HEALTH
INSURANCE COVERAGE RATES SINCE 2013. THE BASELINE YEAR BEFORE
MANY PROVISIONS OF THE AFFORDABLE CARE ACT WENT INTO
EFFECT. THE UNINSURANCED RATE DECREASED BY 4.3 PERCENTAGE
POINTS BETWEEN 2013 AND 2015. PERCENTAGE OF PEOPLE COVERED BY
PRIVATE HEALTH INSURANCE INCREASED BY 3 PERCENTAGE POINTS
IN THIS TWO-YEAR PERIOD. BETWEEN THE TWO SUB TYPES OF
PRIVATE COVERAGE, ONLY DIRECT PURCHASE HEALTH INSURANCE HAD A
SIGNIFICANT CHANGE. MED CARE COVERAGE RATES
INCREASED BY 0.6% AND MEDICAID INCREASED BY
TWO PERCENTAGE POINTS. AMERICAN COMMUNITY SURVEY HAS A MUCH
LARGER SWAMP SIZE THANK THE CURRENT POPULATION SURVEY MAKING
IT A USEFUL SOURCE. THIS FIGURE SHOWS THE ININSURANCED
RATE BY SINGLE YEAR OF AGE BY 2013 IN LIGHT BLUE OR 2014 IN
MEDIUM BLUE AND 2015 IN DARK BLUE. THE TON INSURANCED RATE
DROPPED FOR EVERY SINGLE AGE BETWEEN 2014 AND 2015. THIS IS
THE SECOND YEAR OF DECLINES ACROSS THESE AGES. YOUNGER
ADULTS TEND TO EXPERIENCE A LARGER DROP THAN OLDER ADULTS.
EXAMPLE, THE UNINSURANCEDD INSURED RATE DECLINED FOR 26
YEAR OLDS AND 1.9% FOR 60 YEAR OLDS. ALMOST ONE AND A QUARTER
TIMES GREATER COMPARED WITH 25 YEAR OLDS AND FOR 65 YEAR OLDS
WAS ABOUT ONE QUARTER OF THE RATE OF 64 YEAR OLDS. BETWEEN
2014 AND 2015, THE UNINSURED RATE DECREASED FOR EACH INCOME CATEGORY. BETWEEN 2014 AND
2015, ININSURANCED RATE — — POINTS. IN 2015, THE
UNINSURANCED RATE WAS 9.9%. PEOPLE WHO WORKED LESS THAN FULL
TIME YEAR ROUND AND NONWORKERS, THE RATES WERE HIGHER. THE DECREASE FOR
NON-HISPANIC WHITES WAS 0.9 PERCENTAGE POINTS AND THE
DECREASE FOR ASIANS WAS 1.91.9 PERCENTAGE POINTS. THE CURRENT
POPULATION SURVEY DID NOT MEASURE A STATISTICALLY
DIFFERENT COVERAGE FOR BLACKS BETWEEN 2014 AND 2015. IN 2015,
THE NON-HISPANIC WHITES HAD THE LOWER UNINSURED RATES COMPARED
WITH OTHER GROUPS. IT WAS 11.1% FOR BLACKS AND 7.5% FOR
ASIANS. THE HIGHEST UNINSURED RATE AT 16.2%. THE AMERICAN
COMMUNITY SURVEY IS ALSO A USEFUL TOOL FOR ESTIMATING AND
IDENTIFYING CHANGES IN THE UNINSURED POPULATION AT THE
STATE LEVEL. THIS MAP, EACH STATE IS COLORED IN THE SHADE OF
BLUE WITH THE DARKEST REPRESENTING UNINSURED RATES OF
14% OR MORE. SHADES REPRESENT FEWER UNINSURED AND THE LIGHTEST
CATEGORY IS A RATE OF LESS THAN 8%. HERE BEGINNING IN 2013,
THE YEAR BEFORE MANY PROVISIONS OF THE AFFORDABLE CARE ACT WENT
INTO EFFECT, MOST STATES ARE IN THE DARKEST CATEGORY. ONLY
THREE STATES AND THE D.C. WERE IN THE LIGHTEST CATEGORY. THE
MAP FOR 2014. THE YEAR MANY PROVISIONS OF THE LAW WENT INTO
EFFECT. IN GENERAL, THE COLORS ON THE MAP ARE LIGHTER NOW AS 11
STATES AND THE DISTRICT OF COLUMBIA ARE IN THE LOWEST
CATEGORY. HERE’S THE MAP FOR 2015. . 41 STATES AND THE DISTRICT OF
COLUMBIA — HAD AN UNINSURED 14% OR MORE. IN 2015, THE STATE
WITH THE LOWEST PERCENTAGE OF PEOPLE WITHOUT HEALTHED
INSURANCE AT THE TIME OF INTERVIEW WAS MASSACHUSETTS AT
2.8% WHILE THE HIGHEST UNINSURED RATE WAS FOR TEXAS AT 17.1%.
VARIATIONS IN THE UNINSURED RATE BY STATE MAY BE RELATED TO
WHETHER THE STATE EXPANDED MEDICAID ELIGIBILITY BEGINNING
IN 2014 AS A PART OF THE AFFORDABLE CARE ACT. THE TWO
MAPS SHOWN HERE HIGHLIGHT WHETHER OR NOT STATES EXPANDED
MEDICARE ELIGIBILITY. MAP ON THE SHRIFT SHOWS STATES — THE
LEFT SHOWS THE EXPANSION STATES. THEY’RE HIGHLIGHTED IN BLUE ON
THE LEFT MAP. THE MAP ON THE RIGHT SHOWS IN BLUE STATES THAT
DID NOT EXPAND MEDICAID ELIGIBILITY REFERRED TO AS
NONEXPANSION STATES. IN GENERAL, THE UNINSURED RATE IN
EXPANSION RATES WAS LOWER THAN IN NONEXPANSION STATES. IN
EXPANSION STATES, THE ININSURANCED RATE IN 2015 WAS
7.2% COMPARED WITH 12.3% IN NONEXPANSION STATES. LOOKING
FOR CLOSELY AT THESE GROUPS, THIS FIGURE SHOWS THE DECREASE
IN ININSURANCED RATES FOR EXPANSE STATES. THE LIGHT THE UNINSURED RATES FOR
EXPANSION RATES FOR 2015 RANGED FROM 2.8% IN MASSACHUSETTS TO 12.3%
IN NEVADA. THIS IS THE SAME GRAPH BUT NOW FOR NONEXPANSION
STATES. OVERALL DECREASE BETWEEN 2014 AND 2015 WAS 2.1
PERCENTAGE POINTS IN NONEXPANSION STATES. FOR 2015 RANGED FROM 5% IN
WISCONSIN TO 17% IN TEXAS. PEOPLE AND FAMILIES ARE
CLASSIFIED AS BEING IN POVERTY IF THEIR INCOME IS LESS THAN
THEIR POVERTY THRESHOLD. MEDICAID ELIGIBILITY IS OFTEN
RELATED. WHILE THE UNINSURED RATES DECREASED AT EACH LEVEL OF
POVERTY BETWEEN 2014 AND 2015, THE OVERALL DECREASE IN THE
UNINSURED RATE WAS GREATER IN EXPANSION STATES THAN
NONEXPANSION STATES FOR THOSE LIVING BELOW 100% OF POVERTY AND
BETWEEN 100 AND 399% OF POVERTY. IN BOTH EXPANSION AND
NONEXPANSION STATES THE WORKING AGE OF ADULTS HAD LOWER
UNINSURED RATES. HOWEVER, IN 2013 THROUGH 2015 WITH UNINSURED
RATE WAS HIGHER IN NONEXPANSION STATES THAN IN EXPANSION STATES
AT ALL LEVELS OF POVERTY. THAT CONCLUDES MY PART OF THE
PRESENTATION. HERE AGAIN ARE THE HIGHLIGHTS: MEDIAN HOUSEHOLD
INCOME FOR THE NATION WAS $56,500 IN 2015. AN INCREASE IN
REAL TERMS OF 5.2% OF THE 2004 MEDIAN OF $53,700. THE OFFICIAL
POVERTY RATE IN 2015 WAS 13.5%. PERCENTAGE POINTS FROM 2014.
IN 2015, THERE WAS 43.1 MILLION PEOPLE IN POVERTY. LESS THAN IN 2014. MEASURE IN
2015 WAS 14.3%. ONE PERCENTAGE POINT LOWER THAN THE SPM
ESTIMATE FOR 2014. THE PERCENTAGE OF PEOPLE WITHOUT
HEALTH INSURANCE COVERAGE AT THE FOR THE ENTIRE YEAR WAS 29
MILLION PEOPLE. THIS WAS A DECREASE OF 1.3 PERCENTAGE
POINTS FROM THE PREVIOUS YEAR. YOU. AND NOW I’LL TURN IT BACK
OVER TO MICHAEL. THANK YOU, DAVID. NOW WE’LL TAKE A BRIEF
BREAK AS WE PREPARE FOR A QUESTION AND ANSWER SESSION FOR
THE MEDIA. IF A MEMBER OF THE MEDIA WOULD LIKE TO ASK A
QUESTION DIAL {877}917-4904 AND ENTER
490444800 WHEN PROMPTED. WE’LL BE RIGHT BACK, EVERYBODY. WELCOME BACK, EVERYONE. NOW
WE’LL OPEN UP THE DISCUSSION TO QUESTIONS. WE ASK THAT YOU
STATE YOUR NAME AND MEDIA AFFILIATION WHEN YOU ASK THE
QUESTION. WE WANT TO GIVE EVERYONE AN OPPORTUNITY TO ASK A
QUESTION. WE ALLOW ONE QUESTION AND ONE FOLLOW UP
QUESTION. US FOR THE QUESTION AND ANSWER SESSION ARE JENNIFER
DAY, ASSISTANT DIVISION CHIEF FOR EMPLOYMENT CHARACTERISTICS
AND THE ASSISTANT DIVISION CHIEF FOR ECONOMIC CHARACTERISTICS.
THIS STAFF CAN ARRANGE FOR INTERVIEWS FOR ANY ADDITIONAL QUESTIONS. OUR FIRST QUESTION
COMES FROM TAMMY WITH CNN MONEY. YOUR LINE IS OPEN. HI. A
QUESTION AND ONE REQUEST. IN THE FUTURE BECAUSE IT’S VERY
HARD TO DEAL WITH GETTING THE DATA ALL AT ONCE AT THE SAME
TIME, IS THERE ANY CHANCE IN GETTING IT IN ADVANCE? —
ACTUALLY, QUESTION IS — CAN YOU HEAR ME? YES. GREAT. SORRY.
HI SAID IS THERE ANY WAY IN THE FUTURE BECAUSE IT’S VERY HARD
TO LISTEN TO THE CALL AND WRITE THE STORY AND UPDATE THE NUMBERS
ALL AT ONCE IF THERE’S ANY WAY TO GET THE NUMBERS IN ADVANCE OF
THE CALL WOULD BE GREAT NEXT YEAR. IS — SORRY BECAUSE I
WASN’T ABLE TO FULLY LISTEN TO THE CALL, WERE THERE MAIN
REASONS WHY THE MEDIAN INCOME WENT UP 5.2% AND ALSO I’M SURE
IT’S JUST A ROUNDING ISSUE BUT IF YOU CAN EXPLAIN SINCE LAST
YEAR’S POVERTY NUMBER WAS 14.8 AND THIS YEAR IT’S 13.5 BUT
YOU’RE CALLING IT A 1.2% DROP. WE DID NOT HEAR YOUR
AFFILIATION. I’M SORRY. IT’S TAMMY LUBY WITH CNN MONEY.
THANK YOU, TAMMY. WE’LL ADDRESS YOUR QUESTIONS NOW. I’LL START
WITH THE LAST QUESTION. YES. THE POVERTY RATE WENT FROM 14.8
TO 13.5. 1.2 PERCENTAGE POINT CHANGE IS WHEN YOU DO THE
SUBTRACTION WITH UNROUNDED NUMBERS. YOU CAN SEE IT IN THE
FOOTNOTE IN THE REPORT GIVES YOU THE UNROUNDED NUMBERS WHERE IT
COMES OUT TO 1.2 PERCENTAGE POINTS. AS FOR THE REASONS FOR
INCREASE IN MEDIAN INCOME, THERE’S LOTS OF TABLES THAT CAN
PARSE THIS FOR YOU ON THE WEBSITE AND IN THE REPORT BUT
PROBABLY THE MOST IMPORTANT IS THE INCREASE IN EMPLOYMENT AND
PARTICULARLY INCREASE IN FULL TIME YEAR ROUND WORKERS. OKAY.
AND COULD YOU GIVE ME THOSE NUMBERS QUICKLY? I CAN —
ABOUT 3.3 MILLION? SORRY. FOR MEN AND WOMEN I THINK IT WAS
ABOUT 1.4 MILLION FOR MEN AND 1 MILLION FOR WOMEN. IS THAT
ALSO THE REASON WHY POVERTY DROPPED? WE DON’T GET INTO
EXACTLY WHY POVERTY GOES UP OR DOWN BUT CERTAINLY ALL THE
NUMBERS THIS YEAR ARE VERY CONSISTENT WITH INCOME BEING UP
AND EMPLOYMENT BEING UP AND POVERTY BEING DOWN. OKAY. THANK
YOU VERY MUCH. AND TAMMY, BEFORE WE RUN TO OUR NEXT CALLER
JUST WANTED TO LET YOU KNOW THAT THE REASON WHY THIS RELEASE
IS NOT EMBARGOED IS BECAUSE IT IS OUR OFFICIAL COUNT OF
POVERTY. YES. SO TRADITIONALLY EVERY YEAR IT COMES OUT WHEN IT
IS RELEASED. OKAY. BUT IS IT AT ALL POSSIBLE THEN TO EVEN
SCHEDULE A CALL FOR 15 MINUTES AFTER THE RELEASE IS OUT SO AT
LEAST THE MEDIA CAN GET THE NUMBERS AND DIGEST THE REPORT
FOR A SECOND AND THEN LISTEN TO THE CALL? PROBLEM IS WE’RE
JUST TRYING TO DO EVERYTHING AT ONCE. I DEFINITELY APPRECIATE
THAT AND UNDERSTAND YOUR CONCERNS BUT UNFORTUNATELY, THIS
IS THE STANDARD. OKAY. THANKS FOR THAT QUESTION. ALL
RIGHT. THANK YOU VERY MUCH. YOU’RE VERY WELCOME. OPERATOR.
OUR NEXT QUESTION COMES FROM CHRIS WITH THE ASSOCIATED PRESS.
HI, CHRIS. HI. I GUESS YOU’RE HAVING US REPEAT OUR AFFILIATIONS. AP. I HAD PART
OF MY QUESTION WAS ANSWERED. SO I HAVE ONE DETAIL WHICH IS YOU
GUYS ARE SAYING FIRST GAIN IN MEDIAN INCOME IN EIGHT YEARS.
LOOKING AT TABLE A1 IT SEEMS TO BE ALL INCREASES IN 2013, 2014.
THIS IS A QUESTION OF STATISTICAL SIGNIFICANCE BUT I
WANTED TO CLARIFY THAT. AND BEYOND THAT, I KNOW — INCOME
INEQUALITY EARLIER IN THE PRESENTATION BUT LIKE TAMMY
MENTIONED, I WAS DOING A COUPLE OF THINGS. OVER THE PAST YEARS
IT SEEMS WE’RE SEEING SOME DECLINES IN INCOME INEQUALITY. WOULD BE GREAT. THANK YOU. SO,
YES, YOU’RE ABSOLUTELY CORRECT. THE NOMINAL INCOME HAS GONE UP
AND THE PREVIOUS YEARS BUT INCREASES WERE NOT SIGNIFICANT.
THIS IS THE FIRST YEAR WITH SIGNIFICANT INCREASE IN
HOUSEHOLD MEDIAN INCOME YEAR TO YEAR SINCE 2007. YOU’RE RIGHT
ABOUT THAT. AS FOR INCOME INEQUALITY, THE MAJOR INDICATOR
THAT WE PUT OUT WAS .479 WHICH WAS NOT DIFFERENT FROM THE
PREVIOUS YEAR. YOU CAN SEE IN THE CHART IN THE PRESENTATION
AND ALSO THERE’S A CHART IN OUR REPORT THAT IT’S UP SINCE 1967
BUT YEAR TO YEAR, IT’S PRETTY HARD TO GET STATISTICALLY
DIFFERENT CHANGE IN THOSE INCOME INEQUALITY MEASURES. THANKS
FOR THAT QUESTION. THANK YOU. OPERATOR. OUR NEXT QUESTION
COMES FROM SUSAN WITH U.S. NEWS AND WORLD REPORT. YOUR LINE IS
OPEN. ALSO. SINCE I’M MIDDLE AGED I CAN’T SEPARATE OUT
PEOPLE’S VOICES. SO PLEASE IDENTIFY YOURSELF AGAIN BEFORE
YOU ANSWER SO I DON’T MIX IT UP. I WAS WONDERING THAT ONE OF
THE THINGS THAT ADDED TO THE POVERTY LEVEL OR TO PEOPLE WHO
WOULD BE IN POVERTY UNDER THAT ONE METRIC WAS MEDICAL COSTS.
IS THAT A FUNCTION OF PEOPLE NOT BEING INSURED AND HAVING TO PAY
OUT OF POCKET OR IS THAT AN INCREASE IN HEALTH INSURANCE
PREMIUMS? OKAY. IN THE SUPPLEMENTAL POVERTY MEASURE WE
SUBTRACT FROM YOUR INCOME NECESSARY EXPENSES BEFORE WE
DETERMINE YOUR POVERTY STATUS. AND ONE OF THOSE NECESSARY
EXPENSES WOULD BE MEDICAL OUT OF POCKET EXPENSES WHICH INCLUDE
BOTH PREMIUM PAYMENTS AND OTHER EXPENSES. SO THE NUMBERS THAT
WE SHOW IN OUR REPORT SHOW THE IMPACT OF THOSE ON THE SPM RATE.
I BELIEVE IT’S 3.5 PERCENTAGE POINTS HIGHER AFTER WE SUBTRACT
THE MEDICAL OUT OF POCKET EXPENSES. BUT IT’S A
COMBINATION OF PREMIUMS AND OUT OF POCKET. OKAY. THANK YOU.
THANK YOU FOR THAT QUESTION. DO WE HAVE ANOTHER CALLER? YES.
OUR NEXT QUESTION COMES FROM AMY WITH CBS MONEY WATCH. LINE
IS OPEN. HI. YES, AMY AT CBS. I JUST WONDER ED WE’RE LOOKING AT JUST A
SNAPSHOT OF THE YEAR 2015 AND WE’RE LOOKING AT WHAT THE
POVERTY STATUS WOULD HAVE BEEN HAD WE NOT ADDED SOCIAL SECURITY
TO THEIR INCOME AND AFTER WE ADD SOCIAL SECURITY TO THE
INCOME OR HAD WE NOT SUBTRACTED WORK-RELATED EXPENSES. FROM
THEIR INCOME BEFORE DETERMINING THEIR POVERTY STATUS. WE CAN
SEE THERE WOULD HAVE BEEN 26.6 MILLION MORE PEOPLE IN POVERTY
HAD WE NOT ADDED SOCIAL SECURITY TO THEIR INCOME. AND 11.2
MILLION LESS PEOPLE IN POVERTY HAD WE NOT SUBTRACTED OUT
MEDICAL OUT OF POCKET EXPENSES. UNFORTUNATELY, WE ONLY HAVE
DATA ON THESE ITEMS GOING BACK TO 2009. BECAUSE IT WAS IN 2010
THAT WE ADDED THE QUESTIONS ON WORK-RELATED EXPENSES AND
MEDICAL EXPENSES TO THE CURRENT POPULATION SURVEY SO WE CAN’T GO
BACK 10, 20 YEARS. YOU THERE WERE NO STATISTICALLY
DIFFERENCES IN THE IMPACT OF THESE DIFFERENT ELEMENTS. HAVE
YOU SEEN A CHANGE BETWEEN 2009 AND 2010 AND LAST YEAR? I
DON’T HAVE THOSE NUMBERS IN FRONT OF ME BUT WE HAVE THOSE
REPORTS ON OUR WEBSITE SO WE CAN LOOK INTO THE TABLES ON THE
REPORTS AND EACH YEAR PROVIDE

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