Skip to Main Content
July 16, 2020

Health Law Daily

Coronavirus Pandemic Complicates Models Used By Health Insurers To Set Next Year’s Premium, Copay Pricing

  • July 16, 2020

CNBC (7/15, Coombs) reports, “The coronavirus pandemic is upending the U.S. health coverage market in unexpected ways, forcing some insurers to issue refunds to customers this year and complicating the models they use to set the prices for next year’s premiums and copays.” Although “insurers have had to shell out more money to cover coronavirus treatments, more and more people are reducing spending by putting off all but the most vital medical care.” This “sharp drop in elective medical procedures – like routine cancer screenings and wellness checkups – has cut spending so much that it’s skewing projections for next year’s plans.”