Medical Economics April 3, 2020
A new report on the uninsured rate in the U.S. casts a grim picture of what’s to come if the government does not act to insure the unemployed during the current COVID-19 coronavirus pandemic.
The report, from Healthcare Management Administrators (HMA), found that if unemployment rises to 10 percent, 12 million people could be knocked off their employer’s insurance adding 11 million beneficiaries to Medicaid and increasing the ranks of the uninsured by 1 to 2 million.
This is the rosiest estimate laid out in the report.
If employment rises to 17.5 percent, an estimated 23 million people could lose their employer-sponsored plans and 17 million beneficiaries will be added to the rolls of Medicaid. In this scenario an additional...
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