With the COVID-19 crisis putting a strain on the healthcare system, insurers and providers are asking themselves: how will this situation affect total healthcare spending in 2020? Will treatment lead to increase in total costs? Or will the delay of some surgeries and other nonessential procedures mean lower spending for the year?
In the full article from the American Academy of Actuaries, learn how various COVID-19 outcomes could affect total spending by Medicare/Medicaid and by private insurers. Plus, read a prediction for how COVID-19 could impact health insurance premiums for 2021.