It turns out that Metformin is a natural product at heart... nobody fully understands all the ways it works, but there is broad consensus that it's the drug with least side-effects, but as
@Rachox says, the primary function is to throttle your livers ability to create glucose from storage. Whether you think that's a good thing is more subtle (in my opinion), but the effect will definitely be less glucose in the blood - my issue is that this only gives the appearance of improving insulin resistance;
(it may be that it does actually improve insulin resistance, but it's mightily complicated trying to follow the possible mechanisms, and I haven`t been convinced that there is anything more than an appearance because more glucose stays trapped; my GP has agreed to let it lie there.. <grin>)
Covid will have a huge impact. There is good science around the idea that we should think of Covid as being metabolic in nature, with respiratory side effects, rather than a respiratory disease - simple version is that it will affect the same things that drive blood glucose, so do not be surprised that what used to work no longer does while you are dealing with this pesky virus.
If you need metformin to keep things under control for now, do not feel that this is a step backwards... just get well, and then see where you are.