Insurance rates could spike 40% next year, report says

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Insurance rates could spike 40% next year, report says

The coronavirus pandemic could cost commercial insurers in the U.S. anywhere from $34 billion to $251 billion, and possibly more, according to a new analysis by Covered California, which runs that state’s public health insurance marketplace. The surge in costs could mean higher insurance premiums in 2021 for the roughly 170 million Americans who are covered by private plans, with increases ranging from 4% to 40% – or even higher. “Health plans…
Source: MSN Money

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