KFF December 16, 2020
The pandemic and resulting economic crisis have upended any expectations about what health spending, utilization, and the subsequent financial performance of insurers might have looked like this year. The unprecedented decrease in health care spending and utilization in the spring led to rising margins and profits for many insurers. In the summer and fall of this year, spending and service utilization rebounded as patients returned for routine and elective care, adding to costs associated with testing and treating patients with COVID-19. Job losses and economic instability have driven increased enrollment in Medicaid broadly and increases in Medicaid managed care but seemingly modest changes in enrollment in the group and individual markets thus far.
In this brief, we analyze third quarter...
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