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EMPLOYER-SPONSORED HEALTH INSURANCE EROSION ACCELERATES

 
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amolison
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Joined: 27 Jul 2009
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PostPosted: Fri Nov 19, 2010 7:13 am    Post subject: EMPLOYER-SPONSORED HEALTH INSURANCE EROSION ACCELERATES Reply with quote

EMPLOYER-SPONSORED HEALTH INSURANCE EROSION ACCELERATES DURING THE RECESSION
http://epi.3cdn.net/387563a4488a61e0c0_47m6b95gk.pdf'

The share of Americans under age 65 covered by employment-based health insurance eroded for the ninth year
in a row, falling from 61.9% in 2008 to 58.9% in 2009. While the country was already in a recession in 2008,
the economy sharply deteriorated in 2009. Th e unemployment rate increased from 5.8% to 9.3% between
2008 and 2009, the largest one-year increase on record. As most Americans, particularly those under 65 years old, rely
on health insurance obtained through the workplace, it is no surprise that employer-sponsored health insurance fell from
2008 to 2009 at a rate three times as high as in the fi rst year of the recession.
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