“Between March 1st and May 2nd, 2020, more than 31 million people had filed for unemployment insurance,” notes the Kaiser Family Foundation (KFF) report, which was released Wednesday.
“Actual loss of jobs and income are likely even higher, as some people may be only marginally employed or may not have filed for benefits.”
Along with losing their jobs, Americans who previously had health insurance coverage through their employers will lose that, too. Soaring unemployment numbers could translate into nearly 27 million people losing their health insurance, according to a new report.
Eight states including California, Texas, Pennsylvania, New York, Georgia, Florida, Michigan and Ohio will account for roughly half of the people who lost health insurance they previously had through their job, the report estimated.
Those individuals may continue their employer insurance through COBRA. But, COBRA insurance is often expensive, since former employees generally pay the entire premium themselves. On average, annual COBRA insurance premiums are $7,188 for a single person and $20,576 for a family, according to KFF.
The losses not only come in the middle of a global pandemic but also when many Americans, even those with health insurance, are struggling to pay for medical care.
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