How are insurance companies not bankrupt form people going to the hospital because of Covid
In: Economics
A lot of the people hospitalized for COVID were seniors on Medicare. Insurance companies likely saw fewer claims for other medical procedures/treatment because people didn’t want to go to the hospital if at all possible, because people had fewer other illnesses from lockdowns, fewer sports injuries, etc. And much of the COVID care was reimbursed by the government. Even so, many insurance companies raised premiums in subsequent years to make back the added expenditures.
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