The new federal health law risk management programs could scramble old carrier strategies for managing risk.
Jason Petroske and Jason Siegel, actuaries at Milliman, write in a new commentary that the Patient Protection and Affordable Care Act "3Rs" programs could make older patients and those with chronic health problems, such as heart disease and cancer, the most profitable people to insure in the individual and small-group markets.
If individual and small-group plans as a whole end up insuring far more sicker, older patients than they expected, that could swamp the whole market, the Milliman actuaries warn.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
