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Severe coronavirus outbreak could cost US health insurers $90 billion

Published April 1st, 2020 by JMSCapitalGroup

S&P Global Analysts estimate that a severe coronavirus outbreak could cost US health insurers $90 billion in medical expenses, leading to losses for those insurers. There could also be a substantial financial impact for consumers who seek treatment for the coronavirus as well.  In Seattle, the first major metro area to get hit hard by the coronavirus, out-of-pocket costs for an urgent care visits can cost as much as $300, and the cost of the COVID-19 diagnostic test costs at least $200. John M. Schneider and his team of wealth advisors at JMS Capital Group can advise you on how to save for retirement and still have enough in your rainy-day fund for unexpected expenses. Call 412-415-1177 for wealth management advice.


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