Hospice News April 3, 2020
Analysts project that employer health insurance costs could rise by as much as 12% during 2020 as a result of the COVID-19 outbreak. A jump of that size could hit the hospice industry hard, with smaller, community-based organizations being most vulnerable.
The firm of Willis Towers Watson conducted an actuarial analysis of self-funded employers to gauge the estimated annual increase in health insurance costs for employees. As the outbreak began to take shape, the firm revised its initial estimate of a 5% increase for 2020 by adding another 7%.
“Despite employers and employees taking the right precautions at this perilous time, the coronavirus continues to spread and place enormous pressure on our nation’s health care system,” said Trevis Parson,...
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