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I thought the bill covered ALL Coronavirus expenses. I can't find a source, so I'm not sure if it does or not. Do you know? I also know that people can use COB
by onlyrealcuzzo 7y ago
I thought the bill covered ALL Coronavirus expenses. I can't find a source, so I'm not sure if it does or not. Do you know?
I also know that people can use COBRA to keep their employer's insurance if they're laid off, but often this can be too expensive. But are they able to get a new insurance plan or do they just not have insurance if they don't keep their employer's insurance?
I get it that people will have other medical issues during this time. But whether it covers Coronavirus related-expenses makes a HUGE difference. Coronavirus is BY FAR the leading cause of hospitalization in the US right now. It's also the leading cause of death. For a month, it's likely to get exponentially worse. It's likely to remain this bad for 2-3 months minimum.
Meaning, the costs could be astronomical, and as you pointed out, would DESTROY people not covered by insurance. This could honestly be almost as bad as the Subprime housing crisis. Something like 800k people filed bankruptcy from Subprime. Conservatively, we're likely to see 500k semi-severe hospitalizations. If 30% of them are unemployed, I don't know how that doesn't lead to 150k bankruptcies.
YMMV, but I would say that's on the conservative side.