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Insurers anticipate a median 6% increase for Affordable Care Act health plan premiums in 2024, a KFF analysis found. Most proposed rate increases fall between 2% and 10%.
"A key driver of the increase in premiums in 2024 appears to be rising health prices," the report said. "While prices for health services tend to grow every year, it also appears that inflation in the rest of the economy may now be starting to flow into the health sector. Rising prices and utilization are not necessarily specific to the ACA individual market. Similar levels of medical trend were observed in small-group market filings as well."
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