As the impact of COVID-19 continues to grow, Segal has developed a model that forecasts its impact on health plan costs.
Model assumptions for the forecast include the cost of testing, the percentage of people being tested and, of those tested, the percentage who have the coronavirus.
It also looks at the percentage of those with the virus who have no additional cost, plus the cost of treatment, cost of hospital treatment and treatment distribution.
As we continue to assess the impact that COVID-19 may have on group health plans, we're recommending that plan sponsors take some or all of the following steps.
States and the federal government are guiding health providers to postpone all “elective and non-essential surgeries."
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