Medical Economics March 27, 2020
A report by Covered California, which oversees the insurance market in the state, projects that commercial insurers are likely to face significant losses this year and will need to dramatically increase premiums to remain solvent.
The study focused on the commercial market that includes up to 20 million high-risk people under age 60 who are at higher risk of having significant health needs due to the virus, and many in the commercial market who are not high-risk but will need testing and care when infected by COVID-19. As roughly half of the US population receives its health care coverage through employers, much of the COVID-19 testing and treatment will be paid through commercial health insurers.
Claims for testing, hospitalization, and...
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