Consulting Actuary Greg Fann, FSA, FCA, MAAA was quoted in a recent Bloomberg Law article focusing on the impact of COVID-19 on ACA premiums in 2021. In addressing enrollee populations shift Greg Fann noted:

While premium rate increases are likely to be “somewhat normal, you’re going to see more population changes, You’ll have more people qualify for Medicaid, a lot fewer people in the employer group market that are now going to be in the individual market. That will mean employers won’t have as much experience in calculating their expected claims costs as people move between markets. It means you’re projecting claims not on the population that you have data for.”

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