The economic turmoil caused by COVID-19 is set to lead to a secondary crisis: loss of insurance coverage.
One of the first noticeable impacts of the COVID-19 pandemic in the United States was the economic turmoil left in the wake of most of the country shutting down in March. The shutdown left nearly 48 million nonelderly Americans living in a household where at least one person had lost a job because of the pandemic, according to a study from the Robert Wood Johnson Foundation.
This job loss would leave 3.5 million uninsured. It’s the highest increase in the uninsured rate recorded, toppling a record set during the Great Recession in 2008 and 2009. Eight states have an uninsured rate the is greater than 20%:
For more on the study, check out our sister publication Medical Economics.