Insurance Insights: COVID-19 Effect
on the Health Sector
The Covid-19 pandemic impact has resulted in many health insurers moving to cover testing without a cost to insureds, while also waiving deductibles. Insurers with significant Medicare Advantage business could be hit harder on account of its older population.
Group benefit plan enrollments are likely to slip as U.S. layoffs and unemployment increase. However, individual comprehensive and Medicaid enrollment may increase.
Conning’s Insurance Research team has completed a comprehensive analysis of the pandemic’s impact on the health insurance industry, as well as the life/annuity and property/casualty industries. An overview of the team’s entire industry findings.
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