Modeling the Effects of COVID-19 on Health Insurance Coverage and Costs for New York State Residents
July 24, 2020
The global coronavirus has brought uncertainty and anxiety into people’s lives, workplaces, and neighborhoods, particularly for those who work to improve the health of our communities.
During this difficult time, many organizations across New York State are working tirelessly to keep people safe, especially the most vulnerable. In response, NYHealth is supporting statewide and local efforts to address emerging health care and public health needs in the wake of the pandemic. In 2020, NYHealth awarded the RAND Corporation a grant to predict the impact of COVID-19 on health insurance coverage, premiums, and costs to New York State.
Under this grant, the RAND Corporation used microsimulation and epidemiological models to analyze the impact of COVID-19 on health insurance outcomes for New Yorkers. It assessed how sources of health insurance coverage and the number of uninsured New Yorkers have changed because of the effects of the pandemic. RAND Corporation also estimated how consumers’ health care spending and out-of-pocket costs have changed, as well as estimated changes to State and federal spending and insurances premiums. Finally, it examined what cost, coverage, and access could look like under different health policy scenarios. A report on these analyses and findings was developed and shared with policymakers at the State and federal level.