Insurers Should Gear Up Now For Changes Coming To ACA In 2024

The Affordable Care Act just wrapped up the most successful annual open enrollment period in its history. More than 16.3 million people enrolled for coverage, a 13% spike from last year. That includes 3.6 million individuals who are new to the ACA.

But success does not mean that insurers can rest on their laurels. In fact, they should be gearing up for significant changes that the Centers for Medicare and Medicaid Services has in store for the 2024 plan year. While those changes are still taking shape, the proposed Notice of Benefit and Payment Parameters for 2024 offers a glimpse into the agency’s thinking. The proposal was released in mid-December, and...