Tackling the Mountain of Rising Health Care Costs and Health Benefits in the Time of a Pandemic
As health pools entered the 2021 renewal season, reinsurers found themselves in a swirling mist of uncertainty due to the unprecedented impact of the COVID-19 pandemic, coupled with existing market trends toward high-cost medical claims, specialty drugs, and individual stop loss coverage. This webinar shared actuarial predictions for 2020 and 2021 claims impacts due to the pandemic; revisited pre-pandemic market trends in health care; discussed the impact both have on health pool medical stop loss coverage and renewals; and proactively addressed benefits administration to keep programs thriving in an uncertain world.
Original webinar date: June 18, 2020