Shannon Skinner (she/her) on Nostr: UnitedHealth, the largest healthcare insurer in the US, "closed 2023 with a medical ...
UnitedHealth, the largest healthcare insurer in the US, "closed 2023 with a medical loss ratio of 85% in the fourth quarter, which was its highest ratio since the pandemic began in early 2020."
A medical loss ratio of 85% means that for every $1 of healthcare premiums collected, 85 cents is spent on medical claims and the remaining 15 cents covers overhead and profit.
UnitedHealth says medical claims rose in part due to increased COVID-19 activity:
* COVID-19 hospital admissions up 50% to 60%
* COVID-19 cases, emergency room visits and hospitalizations rose due to infectious variant known as JN.1
* COVID-19 admissions for inpatient stays were more expensive than usual, likely because of more intense cases requiring hospitalization
The medical claims don't lie. The pandemic is not over. COVID is not milder. For the most part, we no longer track and report cases, but the data shows up in insurers' medical loss ratios.
#MaskUp #COVIDIsNotOver #USPol #USPolitics #Healthcare #Insurance #Hospitals #COVID19
https://www.benefitspro.com/2024/01/24/unitedhealths-4th-quarter-medical-costs-surge-to-highest-level-since-early-pandemic/
A medical loss ratio of 85% means that for every $1 of healthcare premiums collected, 85 cents is spent on medical claims and the remaining 15 cents covers overhead and profit.
UnitedHealth says medical claims rose in part due to increased COVID-19 activity:
* COVID-19 hospital admissions up 50% to 60%
* COVID-19 cases, emergency room visits and hospitalizations rose due to infectious variant known as JN.1
* COVID-19 admissions for inpatient stays were more expensive than usual, likely because of more intense cases requiring hospitalization
The medical claims don't lie. The pandemic is not over. COVID is not milder. For the most part, we no longer track and report cases, but the data shows up in insurers' medical loss ratios.
#MaskUp #COVIDIsNotOver #USPol #USPolitics #Healthcare #Insurance #Hospitals #COVID19
https://www.benefitspro.com/2024/01/24/unitedhealths-4th-quarter-medical-costs-surge-to-highest-level-since-early-pandemic/