Millions of Unemployed Americans at Risk of Facing High Health Insurance Premiums

A recent report released by FamiliesUSA, a healthcare advocacy group, has revealed that with the Government's measure to cover a part of health insurance premiums which were originally offered to laid-off employees fast approaching its deadline, about a million Americans are facing sharply high premium payments as well as a potential loss of the healthcare cover.

With the rate of unemployment across America going beyond 10%, the organization is now urging the authorities to extend the deadline of the assistance due to which all laid-off workers have been able to maintain their employer-sponsored health coverage. Under the Government's offered plan, all these unemployed people get a 65% subsidy on their insurance premiums.

The report, which was released on Tuesday, shared that with no one to subsidize on the premium, most of the monthly unemployment benefits of people would go toward fulfillment of these installments if they want to stay covered.

Some democrats are now looking to extend the program's deadline. The authorities had started offering these subsidies in March, as a part of the nationwide $787 Billion drive to offer economic stimulus and inject funds to keep the economy from crashing all together.

The issue will now, most probably, be discusses in detail at the White House's Jobs Summit which is scheduled for Thursday.