Insurers Aim to Help Providers Avoid Crisis-Driven Consolidation
July
13
Insurers are taking steps to help providers financially as the COVID-19 pandemic progresses, in part to help stave off more provider consolidation and demands for higher reimbursement, a recent survey from Robert Wood Johnson Foundation and the Urban Institute showed.
However, insurers haven’t seen the need for changes to benefit design in response to the crisis, and most have not yet seen a significant drop in coverage among employer clients, particularly those offering large group coverage, the survey found. In addition, insurers’ experience with COVID-19-related costs so far leads them to believe that the financial impact on 2021 costs and premiums will be minimal.
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