UnitedHealth and other insurers set rates prior to the pandemic and are the happy recipients of gobs of cash resulting from fewer claims being filed. “I see this as a case where insurance companies may have been handed a windfall, as money in was based on a high projection of money out, and money out ended up low,” said Associate Professor of Economics Andrew Friedson.

Column: UnitedHealth’s profits show it’s great to be an insurer during a pandemic
The Los Angeles Times, Oct 15