More Insurers Walk Back Waivers To Cover COVID Treatment Costs

The video discusses the changes in insurance policies regarding waivers for COVID-19 treatment costs. Initially, insurers waived copays and deductibles to help customers and improve public relations. However, many insurers are now rolling back these waivers. The video also covers the current insurance coverage for COVID-19 testing and vaccinations, potential costs for hospitalization, and rebates under the Affordable Care Act due to insurers not meeting spending targets.

Why did insurance companies initially decide to waive copays and deductibles for COVID-19 treatment?

• To improve public relations and help customers

• To increase their profits

• To comply with government regulations

• To reduce the number of hospital visits

What costs are still covered by insurers according to Congress's rules?

• COVID-19 treatment costs

• Routine medical check-ups

• COVID-19 testing and vaccinations

• All hospital expenses

What factors determine the amount a patient might pay if hospitalized for COVID-19?

• The type of insurance plan

• The hospital's location

• The patient's age

• The patient's deductible and copay

Under the Affordable Care Act, what percentage of premium revenue must insurers spend on medical care?

• 80-85%

• 70-75%

• 60-65%

• 50-55%

What is the expected average rebate for individuals who buy their own plan under the Affordable Care Act?

• $400

• $300

• $200

• $100