The Covid-19 pandemic will certainly have a wide range of long-term implications for small businesses, and one could include higher health insurance costs.found long Covid, in which Covid-19 symptoms persist for a long period of time, could carry higher costs for employers than other chronic health conditions.
It represents yet another rising cost for employers already battling inflation and a host of other challenges in an uncertain economy. “While we'd all love to put this pandemic behind us, employers can see the potentially devastating effects of long Covid and its undeniable impact on health care costs and workforce stability,” saidNewman said costs will continue to rise, making it critical for employees to be proactive. Steps could include supporting employees with symptom awareness and care guidance.
A 203% increase in medical spending per member per month within the first six months following an initial Covid-19 diagnosis, resulting in a projected $9,000 per case increase in medical spending compared to similar patients who had Covid but no subsequent symptoms of long Covid.