KPMG report: Potential COVID-19 impact on health insurance exchange enrollment
Impact on health insurance exchange enrollmen
With over half of U.S. individuals having their health insurance tied to their employment, and an estimated 40.5 million anticipated to lose their jobs through June 2020, many may also lose health coverage.
Federal and state governments, as well as private industry, are actively working to help individuals maintain health insurance, but uncertainty remains regarding the number of individuals that may become eligible for public health coverage due to loss of employer-sponsored insurance or reduced household income.
In this report [PDF 2.4 MB], KPMG professionals outline individuals’ options to get and stay covered, and estimate that there may be up to 2.5 million new health insurance exchange enrollments in state-based exchanges and an additional 1.9 million through HealthCare.gov. Depending on how COVID-19 and social distancing policies evolve, the types of industries and workers affected will also evolve, requiring further analysis of families and health coverage.
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