This study builds upon the analyses conducted under the premium trends project that studied individual and small group insurance product rate increases from 2008 to 2011. This project extends the analysis through 2012. The project added several states which established web sites with publically available data on rate increase requests.
Premium increases continued to slow in 2012 because of two factors: first, insurers requested smaller premium rate increases in both individual and small group markets and second, regulators reduced insurers' requested rates of premium increase more extensively after the Affordable Care Act (ACA) rate review provisions went into effect. This study also suggests that many carriers submitted more filings in the months and weeks prior to the start of rate review required under the ACA on September 1, 2011 than in the succeeding months.
Report Title: The Effects of Implementing Insurance Market Reforms
Agency Sponsor: OASPE, Office of the Assistant Secretary for Planning and Evaluation
Federal Contact: Thomas Musco, 202-690-7272
Record ID: 9750 (June 1, 2012)