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A new analysis provides bad news for those in the Affordable Care Act (ACA) marketplaces —premium rates may increase as health plans adjust to the new realities of the pandemic. The report by the American Academy of Actuaries, finds that changes to federal policies and other factors, including inflation, are likely to increase ACA premiums significantly in 2023. Other reporting shows that some states, such as Maine, may see increases as much as 15% for ACA premiums.
"Proposed health insurance premium rates reflect many factors, which can include the effects of legislative and regulatory changes," says Academy Senior Health Fellow, Cori Uccello. "This is especially true for 2023 rates, due to the possible expiration later this year of enhanced Affordable Care Act (ACA) premium subsidies and of a key support of Medicaid coverage during the pandemic."
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