Double-digit rate hikes projected for health plans
Patient Access Weekly Advisor, June 10, 2009
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Many popular private healthcare plans that cover nearly 100 million Americans will see double-digit rate increases into 2010, according to a national survey of more than 100 health insurers, HMOs, and third-party administrators.
"Although our survey reveals a slight decrease in cost trends since our prior study, there are signs that we're going into another cycle of high trends," says Harvey Sobel, a principal and consulting actuary at Buck Consultants, who directed the survey.
"Health insurers may increase costs in light of the continuing economic downturn and legislation, such as mental health parity and the recent expansion of COBRA," Sobel says. "They may also attempt to increase their prices prior to the implementation of national healthcare reform, including a new public insurance option."
Read the full story by Healthleaders Media's John Commins.
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