Insurance premiums could increase by 20% due to COVID-19 outbreak
As more people seek out help for unemployment, another issue looms on the horizon -- the rising cost of health care. The cost is a problem Covered California, the state’s insurance exchange, is saying will be huge in just a few months. The analysis shows that costs related to healthcare, from hospitals to insurance companies, will be anywhere from $30 billion to $250 billion. As a result, insurance premiums could rise by 20% or more.
