COVID-19 Recovery Index for Health Benefit Administrators
The COVID-19 pandemic and ensuing recession have changed the consumer-directed healthcare industry in profound ways – from new legislation to altered means of receiving and paying for care. In an effort to understand the impact to our industry and what a recovery might look like, we’ll be releasing a monthly COVID Healthcare Spending Trends and Recovery Index. This dashboard will show how consumers are returning to healthcare spending, as well as what these spending trends could indicate about a recovery. Check back each month for updated data and commentary from the experts at Alegeus.
Update for November 2020
News this month about new coronavirus vaccines on the way gives us renewed hope that there’s a light at the end of the tunnel. Additionally, we expect to see some seasonal uptick in spend as consumers look to spend use-it-or-lose-it dollars as we close out the year. Both of these are good reasons for cautious optimism heading into the holiday season. At the same time, we know that the months ahead will be difficult as winter deepens and case levels rise. We will update this index monthly to provide insight throughout the coming months.
Update for October 2020
As COVID-19 continues, a new normal has set in. While U.S. healthcare spending has stabilized, it remains vulnerable to the pandemic as winter approaches. See our analysis of what has happened so far, as well as what spending trends we predict for the consumer-directed healthcare (CDH) industry in the months ahead.
Update for September 2020
Overall, the amount of U.S. healthcare spending across all categories seems to have settled. This could indicate that the recovery momentum we saw this summer has reached its peak, and that the spending trends will stay level for the rest of 2020. We’ll see how things progress over the next few months.