Coronavirus is expected to drive up health insurance premiums and medical costs

well I also want to turn to what we are seeing in the healthcare sector these days so the corona virus outbreak obviously putting a huge strain or strain on the healthcare system over the last several weeks now ensures they are at the center of all this and there's no analysis showing that it could prove to be a disaster on the US healthcare system here at least in the short term we have Adriana Belmonte here and Adriana you were going through this new analysis and it's all about projected costs Oh what can you tell us at this point yeah so there's this report out

and it's projecting the how premiums and health care costs could be dramatically increasing over the next year as a result of coronavirus so for example they are projecting that premiums could increase anywhere from four percent to over forty percent which is a huge range and additionally they're saying that how the health care costs related to coronavirus could range from thirty four billion dollars all the way to two hundred fifty billion dollars so really big ballpark here and the key is that

there's so much uncertainty about what's going on that they can't really nail down a specific number yet Adrian when we take a look at how premiums could skyrocket obviously that's a huge concern for a lot of our viewers because that means that's the amount that you have to pay in order to have a health insurance is there any indication just in terms of maybe employers will no longer be able to afford the same type of coverage that they're now offering their employees this year because of the potentially higher charges that they

could be facing from the insurers it's definitely a possibility that's a big concern that one of the experts they spoke to raised he said that if there isn't a concerted effort to drive down some of the cost of health care both small and large businesses could start to decide to opt out of health care coverage and that results in millions more of uninsured Americans and he described it as what could create an economic tsunami and a recipe for disaster all right Adriana Belmonte thanks so much for bringing that to us hey investors sack Guzman here are you

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