The increased average was determined through a rate filing review by the Kaiser Family Foundation of 72 payers in Georgia, Indiana, Iowa, Kentucky, Maryland, Michigan, Minnesota, New York, Oregon, Rhode Island, Texas, Vermont, Washington and Washington, D.C. Rate hike requests ranged from five percent to 14 percent.
In California specifically, 1.7 million people covered under plans on the state’s marketplace, Covered California, will see rates increase on average from one percent to six percent. Four percent of that jump is due to increased healthcare usage, and half a percentage point is because of uncertainty around whether federal ACA premium tax credits will be renewed.
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.