20% unemployment in the USA will mean 37 million uninsured

 

160 million Americans under the age of 65 had health insurance through their employer just before the COVID-19 pandemic hit.

Thirty million workers filed for unemployment between March 15 and April 25, according to federal statistics. Rising unemployment is expected to significantly alter the health insurance coverage landscape, as millions who lose their jobs and their dependents enrol in Medicaid, purchase ACA Marketplace cover, or become uninsured.

Researchers estimate how the predicted 20% unemployment in the coming months could affect health insurance cover. 

Findings include:

  • 25 to 43 million people could lose their employer sponsored health insurance cover.
  • More than half of the newly jobless will obtain Medicaid cover, the public health insurance programme for low-income people, in states that expanded Medicaid under the Affordable Care Act (ACA), while only about one-third will receive Medicaid coverage in the 15 states that have not expanded the programme.
  • Less than a quarter of these workers and their dependants in expansion states will become uninsured, while 40% in non-expansion states will become uninsured.
  • Of those who lose employer-based insurance, an estimated 7 million Americans will remain uninsured, and will lack access to healthcare during the pandemic.
  • Another 30 million people lacked insurance even before the pandemic. 
Advertisement

ADD A NEWS ITEM

Do you have some news or a press release that you’d like to share with the medical travel industry?

Publish for FREE on IMTJ.

ADD NEWS

Related News

Turkey medical tourism rules

25 September, 2020

Medical visas for patients to Turkey

India keeps flight suspension

25 September, 2020

No travel from India this month

Europe’s colour coded travel system

24 September, 2020

Clarity on EU free movement restrictions

Re-launching tourism in Spain

24 September, 2020

Back to Spain campaign

Mexico travel warning

23 September, 2020

US warning on travel to Mexico