Economic Stimulus Gives Workers Second Chance for COBRA Coverage at Reduced Premium
As previously suggested by earlier Dark Daily e-briefings, studies of the 46 million uninsured Americans suggest there’s more to this statistic than a big number implies. Up to two-thirds of the uninsured either qualify for government-sponsored insurance or could afford to buy coverage.
But no one disagrees that widespread layoffs and elimination of employer-sponsored health coverage are causing the ranks of the uninsured to swell. For every worker who loses health benefits, the multiplier is 3.14-the average size of the U.S. family. Thus, the loss of 3 mllion jobs over the last year translates to about 9.4 million people losing health coverage.
