![]() ![]() We find that insurers in this market are proposing to raise premiums by more than in recent years. ![]() In tracking these filings, we are looking at several factors that could drive costs in 2023, including health cost trend (which includes health sector inflation and changes in utilization), the COVID-19 pandemic, and changes in federal policies (including the possible expiration of the American Rescue Plan Act subsidies, the implementation of the No Surprises Act, and the administrative fix to the Family Glitch). ![]() (The 13 states reviewed include: Georgia, Indiana, Iowa, Kentucky, Maryland, Michigan, Minnesota, New York, Oregon, Rhode Island, Texas, Vermont, and Washington.) These filings are preliminary and may change during the review process. At the time of this brief, we have compiled data from 72 insurers across 13 states and the District of Columbia. A relatively small share of the population is enrolled in these plans (compared to the number in employer plans), but these filings are generally more detailed and publicly available. In this analysis, we reviewed rate filings from plans participating in the Affordable Care Act (ACA) Marketplaces to track what insurers say will be driving premium growth in the coming year. These filings can provide insight into what factors insurers expect will drive health costs for the coming year, including inflation, the COVID-19 pandemic, and policy changes. “World’s Most Ethical Companies” and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC.Each year, health insurers submit rate filings to state regulators, detailing their expectations for the coming year’s health costs. BLUE CROSS®, BLUE SHIELD® and the Cross and Shield Symbols are registered service marks of the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield Plans. of Maryland), CareFirst BlueChoice, Inc., and The Dental Network, Inc., are independent licensees of the Blue Cross and Blue Shield Association. The aforementioned legal entities (excepting First Care, Inc. of Maryland (used in VA by: First Care, Inc.). In Virginia, CareFirst BlueCross BlueShield, CareFirst MedPlus, and CareFirst Diversified Benefits are the business names of First Care, Inc. In the District of Columbia and Maryland, CareFirst MedPlus is the business name of First Care, Inc. CareFirst BlueCross BlueShield Community Health Plan District of Columbia is the business name of Trusted Health Plan (District of Columbia), Inc. CareFirst BlueCross BlueShield Community Health Plan Maryland is the business name of CareFirst Community Partners, Inc. CareFirst BlueCross BlueShield Medicare Advantage is the shared business name of CareFirst Advantage, Inc., CareFirst Advantage PPO, Inc. Group Hospitalization and Medical Services, Inc., and First Care, Inc. Serving Maryland, the District of Columbia and portions of Virginia, CareFirst BlueCross BlueShield is the shared business name of CareFirst of Maryland, Inc. Once these agencies complete their review process and make a final decision on any rate filings, a summary of the results are posted on their websites. Department of Insurance, Securities and Banking (DISB) for approval.
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