KFF May 3, 2021
As the coronavirus pandemic took shape in the U.S. in the early months of 2020, there was some uncertainty about how it would impact the financial performance of health insurers. Hospitals, physicians, and other health care providers cancelled elective procedures to free up beds, staff and supplies early in the pandemic and to limit unnecessary exposure and risk of infection. Patients also opted to forgo non-urgent care to limit risks and exposure to the virus. These dynamics led to an unprecedented decrease in health care spending and utilization during the Spring of 2020. Though spending rebounded through the second half of the year, health spending was somewhat lower in 2020 than it had been in 2019, making last year the...
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