August 8, 2023
  • A Kaiser Family Foundation (KFF) analysis of the preliminary insurance rate filings show that ACA Marketplace insurers are requesting a median premium increase of 6 percent for 2024. According to KFF’s examination of publicly-available documents from 68 insurers, increasing medical care and prescription drug costs are key drivers of the premium growth. Insurers also cite that growth in the utilization of health care, which fell in 2020 but has since returned to more normal levels. A small number of insurers cite other potential drivers of premium hikes, including the unwinding of the Medicaid continuous enrollment provision and new high-cost weight loss drugs. (Analysis here)