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COVID unemployment is causing a serious funding issue for Medicare

Medicare’s hospital insurance trust fund is projected to become insolvent sooner than expected — within three to five years.
The pandemic recession has pushed so many people out of work that funding for Medicare Part A, via payroll taxes, is down.
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Why long-term unemployment starts at 27 weeks

May 20, 2021
More than 4 million Americans have been unemployed for more than six months. Previous recessions have redefined long-term unemployment.
Kentucky residents wait in long lines for help with their unemployment claims last year.
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More Republican-led states opting out of federal unemployment payments

May 14, 2021
Republican governors say the added federal benefits are discouraging people from taking jobs.
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When should pandemic benefits end if there's no neat end to the pandemic?

May 12, 2021
Withdrawing support too soon could inflict damage. Leaving it in place too long could also have drawbacks.
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Hiring slows, employers add fewer jobs than expected in April

May 7, 2021
The number is 266,000 jobs, sharply lower than in March and a sign that some businesses are struggling to find enough workers.
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For public good, not for profit.

Schools gradually add back jobs, but teacher shortage may worsen

May 7, 2021
Younger teachers may also be more inclined to leave and even switch career paths entirely.
Because of remote learning and $190 billion in federal aid, there haven’t been massive teacher layoffs. But stress and burnout could push people from the field, one education researcher says.
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Many employers want to hire — now. Many workers aren't ready to go back.

May 6, 2021
Maybe they're not vaccinated. Or they have caregiving responsibilities. Or employers aren't offering attractive wages.
Jobs in the public sector still haven't bounced back, which goes against forecasts.
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Unemployment claims fall again to new pandemic low

May 6, 2021
The number of people in the U.S. seeking unemployment aid fell last week to 498,000, the lowest point since the pandemic struck.
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