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

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

Rate request: 11 percent increase

Decision: Under Review

Public Comment Period: October 7, 2015 through October 27, 2015

On September 25, 2015, Anthem Health Plans filed a request to increase rates 11 percent on its large group health insurance policies.

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 5.7 percent on medical and 19.2 percent on pharmacy benefits, with the largest impact attributed to the new Hepatitis C drug Sovaldi. 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, 2016.


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

Content Last Modified on 10/6/2015 12:05:16 PM