Posted on 03/25/2020 8:15:14 AM PDT by Oldeconomybuyer
One of the nation’s biggest health insures is waiving patient payments for hospital stays tied to the coronavirus.
CVS Health’s insurer Aetna said Wednesday that many of its customers will not have to make co-payments or other forms of cost sharing if they wind up admitted to a hospital in the insurer’s provider network.
The move could save those patients thousands of dollars, depending on their coverage and how much health care they’ve used so far this year.
The waiver lasts through June 1. It applies to the insurer’s 3.6 million customers who have fully-insured coverage, which is usually offered through a small business. Big employers that offer Aetna coverage also can chose to waive those payments, a spokesman for the insurer said.
The new coronavirus has caused a global pandemic that has infected more than 428,000 people and killed over 19,000 worldwide, crippled economies and forced restrictions on the movement of millions of people in an effort to stop the virus from spreading further and overwhelming health care systems.
CVS Health Executive Vice President Karen Lynch said in a statement the company is trying to ensure that its customers have “simple and affordable access” to treatment during the pandemic.
Many insurers have waived patient costs for testing or doctor visits and telemedicine to encourage people to get help with coronavirus symptoms.
(Excerpt) Read more at abcnews.go.com ...
I dont understand your post.
Is this not a good thing?
Bravo! No one should get a “usual and customary” fee for what has clearly not been “usual and customary” service. Being intubated in a parking lot is NOT usual or customary.
i cant be bothered to read the article..lol..just skimmed it..seems like they are saying this applies to business employees...if they cover you through obamacare or some other way... you are SOL
Yes. Bernie often rages against Greedy Insurance Companies.
“Big employers that offer Aetna coverage also can chose to waive those payments, a spokesman for the insurer said. “
This is due to the fact claims go against large groups. Lotta claims in a particular business = lotta premium renewal for that business. Low claims = smaller premium at renewal
if there is a lot of covid claims large groups may decline not paying them to protect their insurance rate
Small group claims are pooled together.
Oh :)
I think I need glasses but my eye doctor is closed :-)
I hearing aid fixed too. Pretty soon I’ll be walking into walls and hearing nothing LOL
Interesting. So some diseases are more equal than others?
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