Motley Fool July 21, 2020
Americans are desperate for health coverage, and while they do have options for getting it, they’re not necessarily affordable. It’s for this reason that so many jobless folks may be itching to get back to work.
The COVID-19 crisis has sent unemployment levels through the roof. In April, the jobless rate topped out at 14.7% before gradually dropping to 11.1% in June. But let’s not kid ourselves: Double-digit unemployment is very much bad news, especially at a time when COVID-19 cases are surging, further shut-downs seem inevitable, and our current recession is still holding steady.
But lost wages aren’t the only casualty of the pandemic. An estimated 5.4 million Americans have lost their health insurance...