What's Behind Health Insurance Rate Increases? An Examination of What Insurers Reported to the Federal Government in 2012–2013
The Affordable Care Act requires health insurers to justify rate increases of 10 percent or more for non-grandfathered plans in the individual and small-group markets. Analyzing these filings for rates taking effect from mid-2012 through mid-2013, insurers attributed the great bulk—three-quarters or more—of these larger rate increases to routine factors such as trends in medical costs. Insurers attributed only a very small portion of these medical cost trends to factors related to the Affordable Care Act.
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Date: Jan 2014
