Apr 16, 2019

Millions already lose or change health plans every year

Data: Bureau of Labor Statistics; Chart: Andrew Witherspoon/Axios

Millions of Americans lose their health insurance plans every month, by leaving the job through which they got that coverage.

Why it matters: Critics and skeptics of "Medicare for All" worry about eliminating people's existing coverage because most people are relatively satisfied with their employer-based plans. But millions of workers and their families already switch or lose their insurance from their jobs.

By the numbers: More than 66 million Americans voluntarily quit their jobs, were laid off, or otherwise separated from their employers in 2018, and that high turnover rate has continued into 2019, according to data from the Bureau of Labor Statistics.

Details: The BLS data does not measure whether separated jobs offered health insurance.

  • However, close to half of all private employers provide coverage to their workers, and more than 90% of companies with at least 100 employees offer health benefits.
  • It's therefore reasonable to estimate at least 2 million workers and their families lose or transfer to new commercial health plans every month.

The bottom line: Behavioral economics teaches that people don't like to lose what they have, a concept known as "loss aversion."

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Coronavirus kills 2 Diamond Princess passengers as South Korean cases surge

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship.

The big picture: COVID-19 has now killed more than 2,100 people and infected over 75,000 others, mostly in mainland China, where the National Health Commission announced 114 new deaths since Wednesday.

Go deeperArrowUpdated 1 hour ago - Health

Massive MGM data breach: Guests' personal details posted on hacking site

The MGM Grand hotel in Las Vegas. Photo: Smith Collection/Gado/Getty Images

An MGM Resorts security breach last summer resulted in the personal details of 10.6 million guests published on a hacking forum this week, ZDNet first reported Wednesday.

Why it matters: Federal government employees and high-profile guests were affected by the breach, according to analysis by data breach monitoring service Under the Bridge and ZDNet — including officials from the FBI, Department of Homeland Security and the Transportation Security Administration, Twitter CEO Jack Dorsey, Microsoft staffers and singer Justin Bieber.

George Zimmerman sues Buttigieg and Warren for $265M

George Zimmerman in Sanford, Florida, in November 2013. Photo: Joe Burbank-Pool/Getty Images

George Zimmerman filed a lawsuit in Polk County, Fla., seeking $265 million in damages from Democratic presidential candidates Pete Buttigieg and Elizabeth Warren, accusing them of defaming him to "garner votes in the black community."

Context: Neither the Massachusetts senator nor the former Southbend mayor tweeted his name in the Feb. 5 posts on what would've been the 25th birthday of Trayvon Martin, the unarmed black teen Zimmerman fatally shot in 2012. But Zimmerman alleges they "acted with actual malice" to defame him.