AHP Senior Consulting Actuary, Greg Fann, FSA, FCA, MAAA, was quoted in a recent article on rising healthcare premiums for ACA plans.
Greg offered further clarification of his thoughts on current ACA rates and premium increases for 2019.
“The initial proposed premium increases for 2019 exhibit a wide variance and suggest that early calls of a stabilized market in 2017 were overstated. Carriers are still grappling with large uncertainty around enrollment dynamics and risk adjustment. The simplistic focus on the impact of new regulations and state average premium increases distracts from the primary concerns that rates are already unattractively high and still extremely volatile at a company level.”
Greg is also quoted in an audio interview on Bloomberg.com. Scrub forward to 1:20 to hear his thoughts.