Coronavirus May Add Billions to U.S. Health Care Bill [The New York Times]
Anthem, Inc. (ANTM)
Last anthem, inc. earnings: 4/29 06:00 am
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Source: The New York Times
With so much still uncertain about how widespread hospitalizations for coronavirus patients will be around the United States,a new analysis“Health plans went into with no hint of coronavirus on the horizon,” said Peter V. Lee, the executive director of Covered California, the state insurance marketplace created under the Affordable Care Act, which conducted the analysis. To protect businesses and individuals from sharply higher rates, he supports a temporary federal program that would cover some of these costs.“No insurer, no state, planned and put money away for something of this significance,” Mr. Lee said.So far, some94,000 people have become infectedMr. Lee’s organization estimated the total cost to the commercial insurance market, which represents the coverage currently offered to 170 million workers and individuals through private health plans. The analysis does not include costs for people enrolled in government programs like Medicare and Medicaid.Depending on how many people
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