COVID-19 costs could reach $556 billion over two years

Healthcare Finance News April 10, 2020
Susan Morse

For each person admitted into intensive care, costs, on average, could exceed $30,000, according to an AHIP study.

The cost to insurers from COVID-19 could range from $56 billion to $556 billion over the next two years, according to a Wakely Consulting Group study that was done for America’s Health Insurance Plans.

AHIP retained Wakely to explore the potential cost implications of COVID-19 testing and treatment to health insurers for 2020 and 2021.

Outcomes will differ depending on the number of Americans who become infected but are asymptomatic, the impact of interventions such as social distancing, and the availability of testing.

Hospital costs could exceed Wakely’s estimates if average intensive care stays are longer, more expensive or require more services...

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