AHP Consulting Actuary Greg Fann, FSA, FCA, MAAA was quoted in a recent article on Yahoo Finance about an expected rise in insurance premiums. According to Greg Fann and Dave Dillon, fellows of the Society of Actuaries who work directly with insurers to set health insurance premium rates, costs will be up “in the 4-6% range for the individual and small group market.” You can read the full article at the link below. Read [...]

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 [...]

AHP Consulting Actuary Greg Fann's Article: COVID-19, Unknown Unknowns, and Public Finance on the Fly, was published in the Social Insurance and Public Finance Section Newsletter: In The Public Interest. You can read the full article at the link below. Read Article

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 [...]