Fierce Healthcare October 12, 2020
A new analysis from the Kaiser Family Foundation reaffirms an ongoing trend in the industry amid the coronavirus pandemic: insurers’ strong financial performance.
Despite the fact that many health plans are waiving the costs associated with COVID-19 testing and treatment, payers across most markets included in the study saw higher margins compared to 2019 and saw those margins increase over the course of the year.
Gross margins for group market plans went up by 22% over the first half of 2020, according to the study, an increase of $20 per member per month. Margins in Medicare Advantage (MA), which already tend to be higher than for other types of insurance, increased by 41% compared to 2019, or about $64 per...
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