Health Insurers Make Fewer Double-Digit Rate Increases

An HHS report found that since the Patient Protection and Affordable Care Act began requiring states to review insurers’ individual health insurance rate hikes above 10 percent, the number of double-digit increases has declined.

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Healthcare costs, in general, have slowed to historically low rates for the past four years, and the report analyzes only the 15 states that make that data public.
The Obama administration, however, credits its signature health reform law for the drop because the 15 states are geographically diverse and represent one-third of the total individual insurance market, according to a report by the Washington Post.

Additionally, that same decline in double-digit rate hikes was not observed in the group plan market, which is not subject to the same scrutiny as individual plan increases.

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