> The increased cost will likely cause spike in premiums (Of course they will.) > President Joe Biden's decision to mandate that all private health insurers cover up to eight at-home COVID-19 tests for individuals each month could cost hundreds of billions of dollars annually—charges that could cause an increase in premiums for policy holders. > If the roughly 215 million Americans with private health insurance take full advantage of the offer, insurance companies could be on the hook for more than $20 billion a month, according to a Free Beacon analysis. The administration has ordered insurance companies to reimburse individuals up to $12 for each purchased test, allowing for up to $96 in reimbursements a month for every insured individual. That's more than $1,000 annually.