Long-COVID disability threatens the economy - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
December 9, 2022 Newswires
Share
Share
Post
Email

Long-COVID disability threatens the economy

Hawaii Tribune-Herald

Forget the work-from-home revolution or quiet quitting: The COVID-19 pandemic's biggest impact on the U.S. labor market will be as a mass disability event, leaving many individuals out of work for long stretches of time.

It's a shock that the economy is not well prepared to handle this event.

An estimated 1 in 4 COVID patients experience symptoms lasting months.

In principle, not all of them should have to leave the labor force.

First, they should be able to call in sick.

If work-impairing symptoms persist beyond a week or two, they should have the option of requesting reduced hours or claiming short-term disability benefits from their employers.

Only in severe cases, lasting several months or more, should they have to transition to long-term disability insurance.

Unfortunately, that's not how things operate in practice.

Almost a quarter of the US private-sector's workers can't take any paid sick days.

More than half have no access to short-term disability insurance, and those that do must fight to get long-COVID claims approved.

Affected workers have a right to request workplace accommodations, which can include things such as part-time schedules.

But employers have ample leeway to deny such requests as unreasonable and refuse accommodations.

Keeping one's job isn't guaranteed, either.

Under at-will rules, employees can be fired for missing work, even if due to illness (rather than disability).

Although federal law guarantees up to 12 weeks of job protection to people who are ill or caring for a newborn or seriously sick family member, it covers only those who have been on payroll for 12 months – which, as of 2018, was just 56% of the total workforce.

All this adds up to a big potential hit to the nation's productive capacity.

Estimates based on Census data suggest that long COVID is keeping the equivalent of as many as 4 million working-age adults away from work – roughly the same as the number of total disabled veterans in the US.

There's no indication that the number of affected workers is decreasing as people recover:

The share of employees officially out sick or working part-time due to illness, for example, keeps rising.

More COVID is coming, both short and long.

The Centers for Disease Control estimates 300,000 new cases a week, and hospitalizations are again on the rise.

People will keep getting sick for reasons beyond their control.

And given the policies the U.S. lacks - including universal access to paid sick days, short-term disability, job protection and part-time accommodation - many will lose earnings and jobs, or end up out of the labor force completely.

Given the challenges the economy already faces, that's a loss the country can ill afford.

Older

Solvency II

Newer

Keven Moore: It's 'peak season' — the risks associated with hiring season employees

Advisor News

  • DC plan sponsors see opportunity in alternatives
  • The American Dream: Redefined as financial stability
  • Partial annuitization: How advisors can help clients balance income, growth
  • Guide women along the walk through widowhood
  • Dutch gambling tax hike falls short as prediction markets eye World Cup
More Advisor News

Annuity News

  • KBRA Assigns Rating to TruSpire Retirement Insurance Company
  • Partial annuitization: How advisors can help clients balance income, growth
  • Guide women along the walk through widowhood
  • Regulators clear way to rewrite annuity illustration rules
  • Diversification’s growing importance in retirement planning
More Annuity News

Health/Employee Benefits News

  • ARE SURVIVAL RATES FOR ADULTS WITH CONGENITAL HEART DISEASE LINKED TO SPECIALIZED CARDIAC CARE ACCESS?
  • THIRTY-TWO YEARS, ZERO RESULTS: NRSC CHARGES SHERROD BROWN SOLD OUT TO BIG INSURANCE
  • Employers weigh retention, costs in developing benefits strategies
  • As beer strike continues, community stands behind workers
  • Researchers at RTI International Report New Data on Managed Care (Tobacco Cessation Treatment in Pregnancy: Insights from Florida Medicaid Claims Data): Managed Care
More Health/Employee Benefits News

Life Insurance News

  • Trust, technology and the future of claims
  • New York Life Launches an Indemnity Benefit for its Asset Flex Long-Term Care Insurance Solution
  • AM Best Affirms Credit Ratings of DB Insurance Co., Ltd.
  • AM Best Upgrades Credit Ratings of The People’s Insurance Company of China (Hong Kong), Limited
  • SWBC’s Joan Cleveland Reappointed to Texas Association of Life & Health Insurers (TALHI) Board of Directors
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet