Brokers say health premiums are rising so sharply that, in some states, increases are in the triple-digits and overall might be among the worst yet.
And, what's more, they blame the premium inflation almost entirely on the Patient Protection and Affordable Care Act.
The figures come from Morgan Stanley's health care analysts, who conducted a survey of 148 brokers. On average, they said, increases are in excess of 11 percent in the small group market and 12 percent in the individual market. But some states show increases 10 to 50 times that. All of this, analysts concluded, is "largely due to changes under the [PPACA]."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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.