More than 3 million adults have lost their employer-sponsored insurance plans during the COVID-19 pandemic, a sign that some providers could see changes in their payer mix. The analysis, released Monday, was conducted by think tank the Urban Institute on behalf of the Robert Wood Johnson Foundation and finds that many of the losses in employer-sponsored plans were mostly offset by Medicaid, the Children’s Health Insurance Program and nongroup coverage. The analysis offers a clue into the extent of changes providers could face in their payer mix. Medicaid pays less than commercial plan rates, meaning the shift could affect revenues for hospitals and physicians’ offices.
Read the full article: Urban Analysis: More Than 3M Lost Employer Insurance Due to COVID-19 Job Losses //
Source: https://www.fiercehealthcare.com/payer/urban-analysis-more-than-3m-lost-employer-insurance-due-to-covid-19-job-losses