CID: Health Insurance Rate Filing - Anthem Health Plans (Large Group)

Health Insurance Rate Filing - Anthem Health Plans (Large Group)



Rate Request: 5.5 percent increase

Decision: Under Review

Public Comment Period: September 29 to October 18, 2016

On September 27, 2016, Anthem Health Plans filed a request to increase rates an average of 5.5 percent on its large group health insurance policies that it will market in 2017.

Anthem said the increase was needed to account for the impact of increasing medical and pharmacy costs and an increased demand for medical services, factors known as “trend.” The company projected the “trend” impact at 10 percent. The company also accounted for the impact of benefit changes and fees associated with the federal Affordable Care Act.

If approved, the new rates would take effect on January 1, 2017.


###

Find the filing, brief summary and public comment section here at Health Insurance Rate Filings


Content Last Modified on 9/28/2016 2:12:58 PM