Filed Under:Health Insurance, Individual Health

Regulators seek cure for PPACA rate shock

(AP photo/Denis Poroy)
(AP photo/Denis Poroy)

States might be able to use reinsurance programs or health insurance premium subsidies to keep the Patient Protection and Affordable Care Act (PPACA) from leading to big increases in commercial health insurance prices.

A team at the Health Care Reform Regulatory Alternatives Working Group, an arm of the National Association of Insurance Commissioners (NAIC), has included those ideas in a draft of a PPACA rate increase mitigation discussion paper posted on its section of the NAIC's website.

Officials at the U.S. Department of Health and Human Services (HHS) are estimating that the program could reduce individual market premiums by 10 percent to 15 percent in 2014, but PPACA could increase individual market premiums by significantly more than 10 percent in some states, the paper drafters wrote.

A state with a large uninsured population with serious health problems might be able to reduce the effects of PPACA on the cost of coverage for healthy people by providing extra reinsurance, the paper drafters said.

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Nichole Morford

Nichole Morford
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