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.
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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.
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