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Wed Apr 8, 2020, 09:01 PM

Some insurance companies waiving COVID-19 care costs

Welcome news for those suffering the most right now:

Kaiser Permanente has waived all member out-of-pocket costs for the treatment of COVID-19 to alleviate the cost burden of impacted members, the health care provider announced Friday. “We want our members who need treatment for COVID-19 to be able to focus all their energy on getting well, not on worrying how to pay for treatment,” said Greg Adams, chairman and CEO

Insurers Cigna and Humana announced Monday that they would waive consumer costs associated with COVID-19 treatment. Last week, CVS Health announced a more limited change — that Aetna would waive costs to patients for hospital admissions related to the coronavirus.

These announcements are a "big deal" says Sabrina Corlette, co-director of the Center on Health Insurance Reforms at Georgetown University. She notes that, on average, people's deductibles for health policies in the U.S. run between $1,800 and $6,500. "That's — for most families — a lot more cash than they have sitting in their bank account," she says. "So that's really scary."

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