October 16, 2020
COVID-19 Job Loss Hurts Both Financial and Physical Health
In the U.S., the majority of the American workforce obtains health insurance through their Employer-Sponsored Insurance (ESI) plans. However, pandemic-related safety measures have caused some employers to conduct mass layoffs or shutter their doors completely, cutting off the access to care that ESI provides. Between March and May, 78 million people reported at least one job lost in their household—56% of these people have also lost their insurance coverage. These newly unemployed individuals are at an increased risk for adverse financial, physical and emotional health effects. [Included is] more on the impact rising unemployment is having on American families’ access to health care.
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