Fierce Health Payers October 26, 2020
Most insurers on the Affordable Care Act’s (ACA’s) insurance exchanges aren’t factoring COVID-19 into their 2021 rates or believe the pandemic will have a negligible effect, according to several experts.
Open enrollment for ACA exchanges on the individual market starts Nov. 1, and premiums are likely to either slightly rise or decline across the country. Insurers are trying to decipher how the pandemic will affect healthcare costs next year after COVID-19 caused a massive drop in use earlier this year.
“Our take was most insurers are taking a wait and see approach,” said Danny McDermott, a research associate with the Kaiser Family Foundation, referring to insurers’ approach to factoring COVID-19 into their premiums.
The foundation recently published an analysis of...
Today's Sponsors
Today's Sponsor