Medicaid covered 48.6 million people in 2010 compared with 47.8 million the prior year, based on yearly estimates from the Current Population Survey by the Census Bureau. Meanwhile, 30.1 million bought their own insurance last year, an increase of one million people compared with 2009.
Expansion of safety net coverage was not the only indicator from Census figures that suggest a sluggish economy and high unemployment continue to erode household financial stability.
Roughly 1.5 million fewer people received health benefits from an employer last year. And nearly 1 million people joined the 49 million already living in poverty last year, the figures found.
The Census Bureau released its yearly estimates as Congress scrambles to reduce U.S. spending before year-end deadline and ahead of President Barack Obama's $3 trillion deficit reduction proposal. The president's plan would squeeze $248 billion from Medicare and $72 billion from Medicaid, my colleague Rich Daly reports.
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