Don’t Count on Lower Premiums Despite Pandemic-Driven Boon for Insurers
By Bernard J. Wolfson
Early in the pandemic, insurers expected the costs of treating COVID-19 would vastly increase medical spending. Instead, non-COVID care has plummeted and insurers have pocketed the result. Still, few industry observers are predicting broad-based premium cuts in 2021, though some health plans have proposed lowering their rates.