Fierce Healthcare July 13, 2020
Insurers on the individual market remained profitable in the first three months of 2020 despite the onset of the novel coronavirus pandemic, thanks in part to the declines in routine care and elective procedures, a new analysis finds.
The analysis released Monday from the Kaiser Family Foundation finds that gross profit margins are up in the first quarter of the year, but it remains unclear how COVID-19 will affect premiums for the marketplace.
“Most insurers have said they expect the pandemic to have complex effects on premiums, but many do not yet have a specific estimate of how much premiums might change due to COVID-19,” the analysis said.
Gross profit margins show that individual market insurers’ performance improved in the...
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