In Case You Missed It: UC Berkeley Study: COVID-19 Has Already Cost California Health Plans $2.4 Billion

Researchers at the Nicholas C. Petris Center at the University of California, Berkeley, School of Public Health this week released a new study finding that the COVID-19 pandemic has cost California’s public and private insurers an estimated $2.4 billion dollars in testing and treatment. This amounts to about six times the annual cost to treat seasonal influenza in California.

In Case You Missed It: Fierce Healthcare: COVID-19 Could Cost Insurers up to $547 Billion Through 2021: Report

The consulting firm Wakely on June 3, 2020 released a study analyzing the costs of medical services tied to COVID-19. The study, commissioned by America’s Health Insurance Plans (AHIP), analyzes the COVID-19 cost impacts to health plans operating in the commercial, Medicare Advantage, and Medicaid managed care markets from 2020 to 2021. The news website Fierce Healthcare published an article on the findings of the study.