The secondary effects of COVID-19 on the economy will be devastating. Many think business will be normal the minute restrictions get lifted but I am afraid we are looking at a prolonged recovery period much like 2008 but only longer.
The Economic Policy Institute, a nonpartisan think tank, estimates that 9.2 million U.S. residents were at high risk of having lost coverage during the past four weeks. The consulting firm Health Management Associates forecasts that perhaps 12 million to 35 million people will lose job-based insurance because of the pandemic, on top of the 27.5 million who were uninsured before the virus arrived.
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