This is easy. Terrible job losses were already priced into the markets. Which is a fundamentally good thing: It means that the markets have mostly corrected for the present economic situation and that we may have hit something resembling a floor. God willing. I’m buying.
So…the estimates suggest that for every person who loses a job, 3.5 people within their family are affected by loss of income/loss of insurance. Since, only 9% of people can afford to purchase COBRA health insurance since the average premium is 84% of your unemployment pay, 1.9 millon people became uninsured in January.