|Targeted News Service|
An estimated 9.3 million American adults lost health insurance coverage as a result of increased unemployment during the recession of 2007-09, according to a newly published study by researchers at
The study, titled "The Impact of the Macroeconomy on Health Insurance Coverage: Evidence From the Great Recession," relies on data from the
The working paper was published online by the
"The Great Recession of 2007-09 is the longest and deepest macroeconomic downturn in
The study finds that roughly nine times as many Americans lost health insurance coverage in the recession of 2007-09 as in the previous recession of 2001. The 9.3 million figure is the difference in the number of adults with insurance coverage at the macroeconomic peak in
The study also estimates that 4.2 million children under the age of 18 gained health insurance coverage during the recession, supporting the idea that government health insurance programs work counter-cyclically, as intended as part of the social safety net. As parents lose jobs and income, more children qualify for coverage through
The study extends and builds on previous economic research on the relationship between the macroeconomy and health insurance status. It also contributes to the economics literature on the so-called Great Recession, the longest and most severe U.S. recession since the 1930s.
* Men were much more likely than women to lose insurance coverage as a result of increases in the unemployment rate, and the effect was strongest for men who were white, older and well educated. Of adults estimated to have lost coverage, 7.1 million were men and 2.2 million were women.
* For men, an increase in the unemployment rate of 1 percentage point was associated with a 1.67 percentage-point decrease in the likelihood of being insured.
* Even for men who didn't lose their jobs, increases in the unemployment rate were associated with a decreased probability of health insurance coverage. This may be because employers dropped coverage, cut workers' hours to where they no longer qualified for health insurance, or increased employee premium contributions leading to workers declining the offer of coverage.
* For children under 18, a 1 percentage-point increase in the unemployment rate is associated with a 1.37 percentage-point increase in the likelihood of being insured.
The paper includes a "thought experiment" that examines the impact of the 2010 Patient Protection and Affordable Care Act on the relationship between unemployment and insurance coverage. The results imply that, because of the act's expansion of
The study is available online at www.nber.org/papers/w17600.
To speak with Simon, please contact
TNS JB47111209 gv-3707687 61GemaViana
|Copyright:||(c) 2011 Targeted News Service|