Fierce Healthcare March 27, 2020
The coronavirus pandemic could lead to substantial cost increases for employers
Employers could face significant benefit cost increases due to the COVID-19 pandemic, a new analysis shows.
Analysts at Willis Towers Watson found that employers’ healthcare costs could rise by as much as 7% this year in 2020, depending on how far the virus spreads and how deadly the outbreak proves to be.
On the low end of the spectrum, should the outbreak infect just 10% of the population and prove to have low morbidity, costs will increase by under 1%. However, if the virus infected 50% of the population with high morbidity, costs could increase by 6.8%, the study found.
The scenario with the highest cost...
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