COVID Impact, Rate Hikes in Exchanges Could Be Modest
Now that actuaries have more information about how COVID-19 affects health care spending, individual market insurers are more likely to include adjustments in their 2022 rates to account for the pandemic, concludes a new issue brief from the American Academy of Actuaries. However, “those impacts are not expected to be material,” the brief says, perhaps conflicting with the gloomy view of the pandemic’s trajectory that is dominating media reports.
Academy Senior Fellow Cori Uccello explains that while more information is now known about how the pandemic has affected health care spending and utilization since early 2020, “just because COVID may have had a big impact in 2020 and 2021 doesn’t necessarily mean it’s going to have a big impact on 2022.”
Meet Our Reporters
-
Lauren Flynn Kelly Executive Editor, AIS Health, and Managing Editor, Radar on Medicare Advantage
View Lauren Flynn Kelly's Profile -
Angela Maas Managing Editor, Radar on Specialty Pharmacy and Spotlight on Market Access
View Angela Maas's Profile -
Leslie Small Managing Editor, Health Plan Weekly and Radar on Drug Benefits
View Leslie Small's Profile -
Peter Johnson Reporter, Health Plan Weekly and Radar on Drug Benefits
View Peter Johnson's Profile -
Tim Casey Reporter, Health Plan Weekly and Radar on Drug Benefits
View Tim Casey's Profile -
Carina Belles Reporter, Radar on Medicare Advantage and Spotlight on Market Access
View Carina Belles's Profile -
Jinghong Chen Reporter, Health Plan Weekly and Radar on Drug Benefits
View Jinghong Chen's Profile