50 million Americans cannot afford healthcare

By Admin
The global economic recession has forced millions of American citizens to go without much needed healthcare and prescription medication. Approximately...

The global economic recession has forced millions of American citizens to go without much needed healthcare and prescription medication.

Approximately 60 percent of people living in the US rely on health insurance from their employer, but between 2008 and 2010 15 million people lost their job, with nine million people losing their insurance policies too.

As a result, there are now 50 million people living in the country without access to affordable healthcare.

It has also been estimated that 72 percent of Americans are struggling to cope with medical bills or a healthcare-related debt.


To read the latest edition of Healthcare Global, click here

The report, which has been released by the Commonwealth Fund, also found that 60 percent of those who were uninsured during the recession were unable to find an affordable replacement plan.

Meanwhile, 35 percent of the unemployed were refused policies by health insurers.

Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), people working for companies with 20 or more employees who have the benefit of work-related health insurance can keep their policies for up to 18 months should they lose their job.

However, because unemployed workers must pay the full premium, few people elect to continue their coverage through COBRA.

Sara Collins, the Commonwealth Fund Vice President and co-author of the report, said: “Currently, for a majority of Americans, losing a job also means losing health insurance.

“To make matters worse, once you are unemployed and uninsured, it's nearly impossible to afford COBRA or buy an individual policy,” she added.

“However, when it is fully implemented in 2014, the Affordable Care Act will usher in a new era for the unemployed, who will have a variety of options for comprehensive and affordable health insurance."


Featured Articles

Johnson & Johnson: Turning supplier spend into local support

Johnson & Johnson’s Global Supplier Diversity & Inclusion team is growing spending with social enterprises around the globe to expand its impact

Seasonal Affective Disorder’s impact on health & solutions

Dr Ravi Gill & Dr. Naomi Newman-Beinart discuss Seasonal Affective Disorder and its treatments, from vitamin D spray to light therapy

CGI teams up with Totalmobile for digital healthcare service

CGI is driving efficiency in healthcare. Hear from Helena Jochberger, at Manufacturing Digital LIVE, a free virtual event on Wednesday 6th December 2023

Deloitte: generative AI can improve access to healthcare

Technology & AI

Wipro & NVIDIA’s revolutionary healthcare uses generative AI


Healthtech platform CoverSelf extends seed round to US$8.2m

Technology & AI