What Will COVID-19 Do to Healthcare as We Know It?
… very strict coverage rules. If the Republicans manage to hang on, healthcare responsibility is going to be pushed more to the individuals as signaled by the Individual Coverage Health Reimbursement Arrangement (ICHRA) regulations, which allow employers to shift healthcare to a defined-contribution benefit. No longer will employers be forced to absorb cost increases, which have become even less budget-able with this pandemic. These regulations are complex and force individuals onto the generally undesirable benefits available on individual exchanges, but for some employers and some segments of the population, this option will be appealing. Although our actuarial team …
https://www.epicbrokers.com/insights/what-will-covid-19-do-to-healthcare-as-we-know-it/