According to AIS Health’s Health Plan Weekly publication, premiums on the individual marketplace are set to increase by an average of 10% nationally based on an analysis by the Kaiser Family Foundation of the first batch of preliminary premium rate filings sent to state exchange regulators. Faegre Drinker Consulting Principal Mike Adelberg commented on the substantive price increases.
Adelberg explained that chaos in policy and the economy are key reasons for the premium price growth. “Health plans don’t like uncertainty,” he said. “When they have to account for uncertainty, they tend to assume less than best-case scenarios — and this impacts rates.”
The full article is available for Health Plan Weekly subscribers.