LayoffBlog.com

April 7, 2009

NC employed, unemployed may both face no insurance

North Carolina’s unemployment rate reached 9.7 percent in January and it is likely to keep climbing for the rest of this year, which means the employer-subsidized health insurance coverage is going to be cut for tens of thousands of workers.

But thousands more who still work may lose their insurance anyway as small businesses have to choose between offering health care or laying off employees. Other workers may see deductibles rise so high they’ll only be able to use their insurance for catastrophic emergencies.

~News submitted by upthecreek

Source: CNBC

January 9, 2009

Health coverage eats up unemployment benefits

According to a report (PDF) by Families USA,

Nationally, to maintain single coverage, the average unemployed worker would need to spend 30 percent of his or her unemployment insurance (UI) check on COBRA premiums.

Maintaining family coverage under COBRA is an economic impossibility for most newly unemployed workers. Nationally, unemployed workers would need to spend nearly 84 percent of their UI income, on average, to pay for premiums for family coverage.

January 4, 2009

Obama Considers Major Expansion in Aid to Jobless

According to NYTimes: “President-elect Barack Obama and Congressional Democrats are considering major expansions of government-assisted health care insurance and unemployment compensation as they begin intensive work this week on a two-year economic recovery package.”

“Other policy changes would subsidize employers’ expenses for temporarily continuing health insurance coverage to laid-off and retired workers and their dependents, as mandated under a 22-year-old federal law known as Cobra, and allow workers who lose jobs that did not come with insurance benefits to be eligible, for the first time, to apply for Medicaid coverage.

“Obama advisers have said the package will carry a total cost of at least $775 billion.

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