Data show ‘massive’ decrease in medical spending as COVID-19 pandemic evolved

Weekly aggregate medical spending by most commercial insurance customers and Medicare Advantage recipients in the United States dropped by nearly half as the COVID-19 pandemic progressed, data show.“Understanding how early spending changes varied by disease incidence and implementation of policies to limit transmission can inform expectations about health care spending as the pandemic evolves,” J. Michael McWilliams, MD, PhD, a professor of health care policy at Harvard Medical School and general internist at Brigham and Women’s Hospital, and colleagues wrote in JAMARead More

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