Healthcare Finance News July 14, 2020
Most insurers do not yet have a specific estimate of how much premiums might change due to COVID-19.
The COVID-19 pandemic has caused financial hardship among the nation’s hospitals, but insurers have fared a bit better. A Kaiser Family Foundation analysis found that insurers on the individual market remained profitable during the first three months of the year, due in part to the very things that are causing headaches for providers: declines in routine care and the cessation of elective procedures.
Gross profit margins for insurers are up during the first quarter, but the coronavirus’ still-unknown effect on premiums makes the future uncertain. The most significant impacts of the outbreak and economic crisis on the individual market will likely not...
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