Sanders Korenman, CUNY Institute for Demographic Research (CIDR)
Dahlia Remler, Baruch College, City University of New York (CUNY)
Rosemary Hyson , Baruch College, City University of New York (CUNY)
US poverty measures do not incorporate health needs and benefits. We developed a Health Inclusive Poverty Measure (HIPM) and estimated impacts of health insurance benefits on poverty. For those 65+, the HIPM poverty rate was 11.8%, nearly 2% points below the Supplemental (SPM) rate (13.7%). In contrast, among those under 65, the HIPM rate is lower than the SPM rate due to greater unmet insurance needs of the younger population. However, among Hispanics 65+, the HIPM and SPM are equal because fewer have Medicare and more are uninsured. Medicare and Social Security reduce HIPM poverty among those 65+, by 25% points and 38% points, respectively. The HIPM poverty gap after transfers is 4% among persons 65+ vs. 13% among those under 65. Compared to the HIPM-poor, the SPM-poor appear more socially advantaged: more likely to be college-educated and non-Hispanic White, and less likely to report public benefit receipt.
Presented in Session 81. Aging in the United States: Minorities and Other Vulnerable Populations