If Not for Risk Adjustment Policy, Rates for Small Businesses Would Remain Flat for 2018; Rate Increase for Individual Plan is Part of Continuing Correction
CareConnect’s significant rate hike requests for small-group plans in 2018 are driven in large part by the federal small-group risk adjustment program, a flawed policy that was designed to protect the stability of the health insurance market and encourage competition but is having the opposite effect. CareConnect’s request for rate increases for its individual plans reflect the fact that this market has a greater need for medical care than originally anticipated. ... |