The Impacts of Sustained Unemployment For Health Plans
The COVID-19 pandemic has caused massive unemployment in the U.S.; as a result, the Kaiser Family Foundation estimates that nearly 50 million American workers and their dependents will lose health insurance. With no federal exchange special enrollment period, state budgets strained from the economic crisis, and many people having difficulty obtaining their unemployment benefits, the implications of sustained unemployment on health plans has yet to be fully realized. In many cases, we still do not know where unemployed/uninsured people are going; it could be Medicaid, Medicare, or individual markets.
This webinar explores how payers are bracing for the impacts of sustained unemployment, addressing shifting consumer needs, and key changes that have impacted their strategy and planning for next year. Our subject-matter experts discussed the current landscape, data trends, and projections on what will happen with unemployment and provide insight into its ripple effect on the health care industry and health plans.
Download this infographic to learn more about how unemployment has impacted health plans, and what trends have been uncovered related to patient needs, community health, and partnerships, and what it means for strategy and planning moving forward.