One of the largest U.S. health insurers will offer some financial assistance to its members and care providers to ease the burden the coronavirus pandemic has heaped on them. Anthem (NYSE: ANTM) has committed to providing $2.5 billion worth of premium credits, COVID-19 cost-share wavers, extended virtual care coverage, and more.
With healthcare providers nationwide focused for the past three months on the battling the pandemic and conserving resources for that fight, a lot of routine care and elective procedures were delayed. That meant that Anthem had a lot less healthcare to pay for, and the insurer says it will pass some of the savings it accrued on to its customers in the form of a 10% to 15% premium discount for the month of July. People in stand-alone and group dental plans will receive a 50% credit.
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