At-home COVID tests to be covered by private insurance, Biden to announce - Reuters
Dec. 02, 2021 11:01 AM ETAbbott Laboratories (ABT), UNH, BDX, CIQDEL, ELV, LHDXQ, HLTHBy: Jonathan Block, SA News Editor40 Comments
- Private health insurers will be required to cover at-home COVID-19 tests, President Joe Biden is expected to announce today, Reuters reports.
- Plan members could get reimbursed for over-the-counter tests, according to administration officials.
- The change comes in the face of the first case of the Omicron variant identified in the U.S.
- The new rule would not covers individuals on Medicaid or Medicare, and is not retroactive.
- Government agencies are expected to issue guidance by Jan. 15.
- Health insurers: UnitedHealth Group (UNH -0.5%), Cigna (CI +0.7%), Anthem (ANTM -1.8%).
- At-home test makers: Abbott (ABT +1.0%), Becton, Dickinson (BDX +0.8%), Cue Health (HLTH -0.1%), Lucira Health (LHDX +0.9%), Quidel (QDEL +1.9%).
- In October, the White House said it would invest $1B to boost supplies of at-home COVID tests.