AHIP report discusses what’s influencing 2023 individual medical insurance premiums – InsuranceNewsNet


Washington, D.C. – July 25, 2022 – The person market is a vital source of comprehensive health coverage for nearly 20 million Americans. Of the 14.5 million individuals who join for coverage through the Inexpensive Care Act’s (ACA) medical insurance marketplaces, nearly all (89%) are eligible for financial assistance to lower their monthly premiums.

As states begin to disclose individual market premium rates for 2023, a recent AHIP issue temporary takes a take a look at the aspects which might be influencing next yr’s premiums. Those aspects include the potential expiration of American Rescue Plan Act (ARPA) premium subsidies, policy changes impacting the person market risk pool, costs and utilization related to COVID-19, and increasing costs for medical services and prescribed drugs.

“Inexpensive health coverage is critical to boosting access to high-quality care,” said Matt Eyles, AHIP President and CEO. “Medical health insurance providers are committed to improving the person market and delivering lower costs, effective coverage, and higher health outcomes for everybody.  We’ll proceed to work with Congress, the Administration, and other stakeholders to deliver a robust, stable market that works for all Americans.”

The problem temporary included several policy recommendations, including:


  • Congress should act quickly to increase ARPA subsidies.
  • Congressional motion is required to handle rising health care costs; promote stable, competitive markets; and expand access to inexpensive, high-quality care.
  • States and the Administration should proceed their work to organize for Medicaid redeterminations at the tip of the general public health emergency, including ensuring processes and resources are in place to assist Americans complete redeterminations or make a smooth transition to recent coverage.
  • Any policy changes ought to be finalized well prematurely of state and federal filing deadlines to supply medical insurance providers sufficient time to develop products, networks, and rates in response to recent policies.

Read the issue temporary.


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