Actuaries project future virus surges, end of regulatory flexibility key drivers in 2022 rates

Link: https://www.fiercehealthcare.com/payer/actuaries-project-future-virus-surges-end-regulatory-flexibility-key-drivers-2022-rates

Excerpt:

Uncertainty over future surges of COVID-19 and the end of regulatory flexibilities are going to be major drivers for 2022 premiums on the individual and small group markets, a new actuary report finds.

The report, released Thursday (PDF) by the American Academy of Actuaries, finds insurers face major uncertainties like the end of the public health emergency and the fate of enhanced subsidies for coverage on the Affordable Care Act’s (ACA’s) insurance exchanges.

“Greater degrees of uncertainty could lead to more conservative assumptions and risk margins for some insurers,” the report said. “Alternatively, carriers might lower risk margins, seeing an opportunity to capitalize on the increased enrollment due to the [American Rescue Plan Act] subsidies.”

Author(s): Robert King

Publication Date: 2 September 2021

Publication Site: Fierce Healthcare

Actuarial Board for Counseling and Discipline: 2020 Annual Report

Link: http://www.abcdboard.org/wp-content/uploads/2021/03/ABCD-Annual-2020.pdf

Excerpt:

There were 47 inquiries in process with the ABCD during 2020, based on either complaints or adverse information.
Twenty-four of these were disposed of during 2020.

….

The ABCD members responded to 127 requests for guidance during 2020.

Publication Date: February 2021

Publication Site: Actuarial Board for Counseling and Discipline