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Saturday, May 4, 2024

Pandemic and cost of health insurance

Credit: KTNV Channel 13 Las Vegas
Duration: 00:51s 0 shares 1 views

Pandemic and cost of health insurance
Pandemic and cost of health insurance

Many people are wondering if the coronavirus pandemic is going to affect health insurance costs next year.

HEALTH INSURANCE THROUGH THEIREMPLOYERS.THE QUESTION IS...WILL THE PANDEMIC IMPACT THECOST OF YOUR COVERAGE?ECONOMIST, MELISSA THOMASSON,HAS SPENT HER CAREER STUDYINGEMPLOYMENT BASED HEALTHINSURANCE.SHE SAYS HEALTH INSURANCECOMPANIES LOST A LOT OF THEIRCUSTOMERS THIS YEAR AS PEOPLELOST THEIR JOBS.BUT THE GOOD NEWS IS...COMPANIES DIDN'T LOSE AS MANYAS PREDICTED.ONLY ABOUT HALF THE WORKERS WHOWERE LAID OFF HAD EMPLOYMENTSPONSERED COVERAGE.JOBS IN RETAIL, SERVICEINDUSIRIES, HOSPITALITY ANDLEISURE, THOSE PEOPLE TYPICALLYDONT HAVE HEALTH INSURANECOVERAGE.SO I THINK THE LOSSES IN HEALTHCOVERAGE WERE LESS THAN WEINTIALLY FEARED.ULTIMATELY THOUGH...THOMASSON SAYS PREMIUMS AREEXPECTED TO INCREASE THIS YEAR.BUT ONLY DUE TO REGULAR ANNUALINCREASES IN MEDICAL COSTS.WE HAVE ADVICE ON FINDI

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