IMAGE: Health Insurance Coverage Before and After Job Loss Among People in a Family Experiencing Job Loss as of May 2, 2020, courtesy kff.org
An estimated 27 million Americans may have lost employer-based health insurance because of pandemic layoffs, according to a Kaiser Family Foundation report released Wednesday.
Not all of those people will be left uninsured, however. Some 12.7 million would be eligible for Medicaid and another 8.4 million could qualify for subsidies to buy coverage on the Affordable Care Act exchanges -- though Kaiser notes they would have to sign up for that coverage.
But that would still leave about 5.7 million people who would have to shoulder the full cost of new policies, which could prove too expensive for newly unemployed people. They could continue their employer coverage through COBRA, but would have to pay the entire premium, which totals $7,188 for a single person and $20,576 for a family of four, on average -- putting that group at risk for becoming uninsured.
The report is the latest in a series of dire projections of how the steep economic downturn has likely left millions of people without employer-based policies, which cover roughly 153 million non-elderly workers and their dependents.
• Nearly 27 million Americans may have lost job-based health insurance, study shows
[Tami Luhby, CNN, 8:26 AM ET, Wed May 13, 2020]
• Eligibility for ACA Health Coverage Following Job Loss
[KAISER FAMILY FOUNDATION, Rachel Garfield, Gary Claxton, Anthony Damico, and Larry Levitt, Published: May 13, 2020]
On Thursday, Tesla denied media reports that it fired employees who chose to stay at home during the coronavirus pandemic, rather than expose themselves to possible infection at Elon Musk’s California factory.
A Black man in Detroit was wrongfully arrested and detained by police who mis-identified him with a false facial recognition hit. The case of Robert Williams, an innocent person who was held in police custody for a day, is the first publicly reported case of artificial intelligence resulting in a false arrest in the United […]
Eddie Bauer, Magnolia Pictures, Ben & Jerry’s, REI, and Patagonia are some of the brands that have suspended Facebook ad campaigns over the platform’s reckless content moderation practices that allow political and COVID-19 disinformation to proliferate.
This is truly a golden age for fans of a big ginormous TV screen. Not too long ago, to buy a television over 40 inches usually meant wheeling one of those massive Mitsubishi or Toshiba projection monoliths into your home, consuming a vast portion of any room at a cost of potentially $7,000 to $8,000. […]
Nearly 30 years after it started its run as the most dominant productivity software ever created, the Microsoft Office suite of programs are now virtually synonymous with personal computing. From its days bundled with Windows to its current life as Office 365 cloud-based apps, there’s no reason to think perennial hits like Word, Excel and […]
Photography isn’t just about lighting and composition anymore, especially when you’re shooting with your smartphone. While a wealth of expertise can absolutely help you grab better images, sometimes it’s just about having a great light or an amazing smoothing gimbal to instantly elevate your Instagram pics and other social videos from meh to standout. To […]