Small group health insurance premium rates could jump by the double digits in 2015 as carriers factor in new costs related to the Patient Protection and Affordable Care Act. But if such increases do occur, they are likely to be offset in 2016.
That is the tentative conclusion of research by the Urban Institute and the Robert Wood Johnson Foundation. The work was designed to try to get an early fix on what sort of increases small employers could anticipate in the unfolding era of PPACA.
To better gauge how small group carriers might proceed with premium increases, RWJF used the look-back method: Researchers crunched premium adjustment data back to 2000 to see if a helpful trend might be identified.
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.
Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
