Last updateFri, 15 Oct 2021 5pm


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Pandemic costing insurers more than Hurricane Wilma

The head of the Federal Consumer Protection Agency (Profeco), Ricardo Sheffield, has called out private hospitals and clinics that have hiked up their fees disproportionately, especially during the Covid-19 pandemic.

Over the past three years, hospitals and hospital service providers have increased their charges between 15 and 20 percent above the inflation rate, Sheffield said, citing data provided by a range of health insurance providers.

Sheffield said insurance companies have been hit hard by the Covid-19 pandemic, incurring their highest payouts since Hurricane Wilma devastated the Yucatan peninsula in October 2005.

Sheffield said that hurricane caused damages of $US2.4 billion. The coronavirus pandemic has so far cost insurers $US2.484 billion, he said.

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