In case you were wondering, here’s how Americans pay for health care.
142,792,423 Americans are covered for their health care (43% of the US population) by one of three government programs – Medicare, Medicaid and CHIPS. The programs are funded by dedicated taxes, income taxes, premiums and out-of-pocket cost sharing. The programs are operated by both the federal and state governments.
Each plan reimburses providers at different levels, but always considerably below what private insurance pays. In other words, in addition to taxes, employers and individuals not eligible for such programs are further subsidizing them by paying more for their health care.
And no, we are not talking about national health care or socialized medicine.
Today, the Centers for Medicare & Medicaid Services (CMS) released the latest enrollment figures for Medicare, Medicaid, and the Children’s Health Insurance Program (CHIP). These programs serve as key connectors to care for more millions of Americans.
As of July 2022, 64,831,706 people are enrolled in Medicare. This is an increase of 149,601 since the last report.
34,919,687 are enrolled in Original Medicare.
29,912,019 are enrolled in Medicare Advantage or other health plans. This includes enrollment in Medicare Advantage plans with and without prescription drug coverage.
50,343,344 are enrolled in Medicare Part D. This includes enrollment in stand-alone prescription drug plans as well as Medicare Advantage plans that offer prescription drug coverage.
Over 12 million individuals are dually eligible for Medicare and Medicaid, so are counted in the enrollment figures for both programs.
Detailed enrollment data can be viewed here: https://data.cms.gov/summary-statistics-on-beneficiary-enrollment/medicare-and-medicaid-reports/medicare-monthly-enrollment
Medicaid and Children’s Health Insurance Program (CHIP)
As of July 2022, 89,960,717 of people are enrolled in Medicaid and CHIP. This is an increase of 516,557 since the last report.
82,845,954 are enrolled in Medicaid
7,114,763 are enrolled in CHIP
For more information on Medicaid/CHIP enrollment, including enrollment trends, visit https://www.medicaid.gov/medicaid/program-information/medicaid-chip-enrollment-data/medicaid-and-chip-enrollment-trend-snapshot/index.html