Insurance company to stop offering coverage of COVID-19, saying it won’t pay out if it costs more
By Katie RizzoPublished Nov. 30, 2017 2:16:55In a rare move, the world’s largest insurer, which is the nation’s largest for the most people to receive coverage through their employer, has decided to stop paying people if their COVID infections cost more.
In a statement released Tuesday, UnitedHealthcare said it will no longer offer coverage to people with a COVID infection that costs more than $1,000 a month and those who have not been vaccinated or have a COVI diagnosis at the time of the coverage.
“We recognize that the health care system is changing and the number of COV-19 cases has grown dramatically.
As we have learned from our experience, the number and cost of COVI cases and COVID deaths are increasing every year, and the COVID vaccine is the only proven and effective vaccine available to protect Americans against this devastating disease,” the company said.
The statement said UnitedHealthCare has a “long-standing commitment” to providing coverage for the more than 50 million Americans who currently receive coverage from their employers.
It added that its decision to end its coverage was based on cost.
The company said it is still evaluating options for coverage and that it is reviewing its insurance policies to determine what changes would be required.