July 6, 2022
  • The American Academy of Actuaries issued its annual look at the landscape for premiums on the individual and small group markets. The report found that the lingering effects of COVID-19, the end of enhanced subsidies for exchange plans, and global inflation are among the key trends impacting premiums in 2023. The actuaries stated that if the subsidies end, people will leave the market and the risk pool costs will increase. In addition, Medicaid eligibility redeterminations, which will resume when the public health emergency ends, could also impact the risk pool by bringing in healthier people. This could drive premiums down overall, according to the report, but the effects will vary state by state depending on how quickly they begin the redetermination process. (Report here; Article here)