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Nearly 23 million U.S. workers stay in unwanted jobs to keep employer health insurance, stalling careers and mobility.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Nearly one quarter of U.S. workers with employer-sponsored health insurance
00:06remain in unwanted jobs to keep their coverage, according to NPR.
00:10A West Health Gallup report shows that an estimated 23 million adults in job lock
00:15compare with 16% of surveyed workers in 2021.
00:19The rate rises to 41% among workers with three or more chronic health conditions.
00:24Researchers say that job lock harms workers and the broader economy
00:27by keeping unhappy employees in unwanted roles
00:30instead of changing jobs or starting businesses.
00:34Healthcare affordability concerns and pessimism about the labor market
00:37may be discouraging workers from leaving, researchers said.
00:41Expired Affordable Care Act subsidies have also raised insurance costs
00:44for people considering self-employment or other jobs.
00:47For all things money, visit Benzinga.com.
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