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Millions of newly unemployed Americans have lost health insurance, study finds – Marketplace

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Millions of newly unemployed Americans have lost health insurance, study finds – Marketplace

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A new study finds that more than 5 million of those laid off also lost their health insurance and didn’t find an alternative.

Marketplace’s Nova Safo is following this. The following is an edited transcript of his conversation with “Marketplace Morning Report” host David Brancaccio.

David Brancaccio: Nova, the Affordable Care Act and Medicaid are among the safety nets designed to get people insured, so why have so many been left without coverage?

Nova Safo: The health care advocacy group Families USA, which put out this study, says these are people who have fallen between the cracks in the system. And it’s a lot of people ⁠— nearly 5.4 million workers.

I spoke this morning with Stan Dorn, who authored the study, and he says there’s just more need for health insurance coverage than the current system is designed to handle:

“Help may not be enough to make coverage affordable. Medicaid is affordable. But there are millions of people who live in states that have not expanded Medicaid and they may be ineligible for Medicaid. And, also, the subsidies in the exchange is just not enough to make coverage realistically affordable.”

And there’s another problem: Unemployed workers are getting that additional $600 a week in pandemic aid. That counts as income in the health insurance marketplace, and the more income you have, the less money in subsidies you get to pay the monthly premiums. So you have a situation where people are getting needed financial aid, but it’s making health insurance less affordable, and they’re doing without.

Brancaccio: How many people total are uninsured now in the United States?

Safo: The exact number we won’t know until sometime next year, when the federal government releases figures. But Families USA estimates that nearly 31 million adults in this country now don’t have health insurance coverage.

And Dorn wants lawmakers to act:

“Congress needs to provide financial assistance so that people in hard times can afford insurance. We all have trouble affording insurance ⁠— or many of us have trouble affording insurance, even in good times. In tough times, people need extra help.”

It’s worth pointing out: In seven states that have more significant problems with number of uninsured adults, COVID-19 infections are now spiking.

What’s the latest on the extra COVID-19 unemployment benefits?

As of now, those $600-a-week payments will stop at the end of July. For many, unemployment payments have been a lifeline, but one that is about to end, if nothing changes. The debate over whether or not to extend these benefits continues among lawmakers.

With a spike in the number of COVID-19 cases, are restaurants and bars shutting back down?

The latest jobs report shows that 4.8 million Americans went back to work in June. More than 30% of those job gains were from bars and restaurants. But those industries are in trouble again. For example, because of the steep rise in COVID-19 cases in Texas, Gov. Greg Abbott, a Republican, increased restrictions on restaurant capacities and closed bars. It’s created a logistical nightmare.

Which businesses got Paycheck Protection Program loans?

The numbers are in — well, at least in part. The federal government has released the names of companies that received loans of $150,000 or more through the Paycheck Protection Program.

Some of the companies people are surprised got loans include Kanye West’s fashion line, Yeezy, TGI Fridays and P.F. Chang’s. The companies you might not recognize, particularly some smaller businesses, were able to hire back staff or partially reopen thanks to the loans.

You can find answers to more questions on unemployment benefits and COVID-19 here.

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