12.7 million workers have now lost health insurance because of layoffs

More than 12.7 million people may have lost health insurance through job layoffs and furloughs, according to analysis from the Economic Policy Institute (EPI).That figure represents 45% of the total national job layoffs and furloughs, which the EPI estimated at 28 million, based on unemployment claims data. The health insurance figure was up from the…

12.7 million workers have now lost health insurance because of layoffs

More than 12.7 million people may have lost health insurance through job layoffs and furloughs, according to analysis from the Economic Policy Institute (EPI).That figure represents 45% of the total national job layoffs and furloughs, which the EPI estimated at 28 million, based on unemployment claims data. The health insurance figure was up from the EPI’s previous estimate of 9.2 million on April 16, resulting in 3.5 million more insurance losses in a two-week timeframe.Along with the loss of income, one of the most significant financial consequences of losing work during the coronavirus crisis is also losing employer-provided health insurance. As many as 157 million Americans—almost 50% of the nation’s population—rely on their employer to provide insurance, according to 2018 data from the Kaiser Family Foundation.Industries particularly hit by layoffs include accommodation and food, with an estimated 42% of the workforce eliminated, arts and recreation (36%), and retail trade (24%), of which, respectively, 24%, 37%, and 41% of workers are generally covered by emplo
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