Premiums are going to go up; there’s almost no doubt about that. But the Obama administration is putting pressure on state insurance commissioners to keep the rate hikes on their Affordable Care Act (ACA) marketplace plans as small as possible.
On Wednesday the U.s. Department of Health and Human Services announced it would be distributing $22 million to state officials to bolster their reviews of premium rates proposed by insurers. The administration hopes that cash-strapped insurance commissioners can use the money to hire more employees or contract with experts to scrutinize premium plans submitted by insurers.
A recent study by the Kaiser Family Foundation estimated that premiums for the average ACA marketplace plan will rise 11 percent next year. In some markets, however, the increases will likely be much greater.
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