We estimate that 9.2 million workers were at high risk of losing their employer-provided health insurance in the past four weeks. To avoid prohibitively costly insurance options, the federal government should fund an expansion of Medicare and Medicaid to all those suffering job losses during the pandemic period.Two weeks ago, when the two-week total of unemployment insurance (UI) initial claims was 8.7 million, we estimated that 3.5 million workers may have lost their health insurance at work. Since then, 11.4 million more workers filed claims for unemployment benefits, bringing the total of UI initial claims over the last four weeks to 20.1 million, currently the most comprehensive measure of the extent of job losses and furloughs due to the COVID-19 pandemic.We estimate that across all industries where workers have filed UI claims, about 45.7% of workers had their own health insurance provided through their employer. As a result, of the 20.1 million workers who filed initial UI claims in the last four weeks, 9.2 million may have lost coverage through their own employer-provided health insurance (EPHI).
Chosen excerpts by Job Market Monitor. Read the whole story @ 9.2 million workers likely lost their employer-provided health insurance in the past four weeks | Economic Policy Institute