Guy Carpenter has identified certain factors that may impact how large medical insurance carriers adapt to the needs of their insureds and employees in the United States amid COVID-19. ... Continue Reading »
Legislation
COVID-19: Employer-Sponsored Healthcare Plans
Approximately 49 percent of the U.S. population is covered by employer-sponsored health plans (2018 figures from the Census Bureau’s American Community Survey 2008-2018 sponsored by the Kaiser Family Foundation). Health insurers are partnering with their insureds to navigate issues around employers’ and employees’ ability to pay premiums for coverage, eligibility to participate ... Continue Reading »
Cost Sharing and Telehealth
In the beginning of March 2020, insurers across the country immediately began requesting that barriers to providing care be removed during the pandemic to help them more efficiently test and treat COVID-19 patients. However, on March 18, 2020, Congress passed the Families First Coronavirus Response Act, which required health insurance companies that offer individual and group ... Continue Reading »
Health Insurers and COVID-19: Background and Timeline
As COVID-19 spreads throughout the United States and the resulting economic disruption continues, medical insurance carriers are responding to the needs of their customers in a rapidly changing market landscape shaped by legislative and competitive conditions. In this article, we provide an overview of how large medical insurance carriers are adapting to the needs of their ... Continue Reading »
David Priebe and James Nash Discuss Superregional Pandemic Solution Possibilities: Part Two
In a recent interview with The Insurer, Guy Carpenter executives David Priebe, Chairman, and James Nash, International CEO, discuss the prospect of nation states coming together to provide a wider solution for cross-border threats like pandemics and cyber. Some countries are contemplating developing public-private partnerships to insure future pandemic events, with ... Continue Reading »
New Affordable Care Act Affordability Limit and Top 10 Compliance Issues for 2021
As the human and economic costs of COVID-19 continue to mount, reinsurers are working with healthcare executives on how to mitigate the impacts of the virus on the sector. The (re)insurance industry, policyholders and governments throughout the world must come together on an approach that offers relief to those who need it now and develop a plan to implement mitigation ... Continue Reading »
CARES Act Boosts Telehealth, Makes Other Health, Paid Leave Changes
As the costs stemming from COVID-19 continue to climb, reinsurers are collaborating with healthcare executives on how to mitigate the impacts of the virus on the sector. Virtual health care options are becoming increasingly commonplace, and the growing use of telemedicine and capacity constraints within our healthcare system will potentially dull utilization ... Continue Reading »
Employment Liability Claims Set to Rise With COVID-19
As the COVID-19 pandemic continues into the summer, public health concerns are of the utmost importance, and Guy Carpenter is actively developing a view of how COVID-19 may impact businesses as employees begin returning to their offices. And as business activity ramps up from COVID-19-related restrictions, companies are determining just how they will create a safe space for ... Continue Reading »
Pandemic Navigator Insight Series: The Great Balancing Act
The reinsurance industry is at the forefront of conversations to create a forward-looking solution for pandemic risk in conjunction with policyholders, insurance markets and key policymakers, and Guy Carpenter is fortunate to be able to collaborate with affiliate Oliver Wyman on these efforts. Welcome to the second installment of the Oliver Wyman Pandemic Navigator Insight ... Continue Reading »
Cyber Risk Outlooks for 2020 and Beyond
Much transpired in the cyber space in 2019 – record General Data Protection Regulation (GDPR) fines, the introduction of new privacy regulations, systemic ransomware claims, debate around the war exclusion and increasing concern surrounding non-affirmative cyber in the underwriting community. Looking toward the remainder of 2020, we see a number of emerging trends that present ... Continue Reading »
