AHP Consulting Actuary Greg Fann was quoted in a recent Think Advisor article looking into the stability of health insurance rates.
“Legally, insurers can’t cite 2020 losses as rationale for 2021 rate hikes,” the actuaries say. “Any rate shifts must be based on expected costs, and can’t include past losses in protective premium rates if these costs aren’t expected to persist into the next plan year.”
You can read the full article at the link below.