Healthcare DIVE August 7, 2024
Rebecca Pifer

Insurers cited workforce shortages, hospital consolidation and growing demand for pricey GLP-1 drugs as reasons driving the premium increases for 2025.

Dive Brief:

  • Premiums for plans sold on the Affordable Care Act exchanges are expected to grow an average of 7% next year, similar to last year’s growth, according to new research from health policy firm the KFF.
  • Insurers cited workforce shortages, hospital consolidation and growing demand for pricey GLP-1 drugs as drivers behind growing costs, necessitating the premium hike, according to the KFF’s analysis of rate filings.
  • Most enrollees in the ACA markets receive subsidies and won’t feel the full effect of premium increases. However, higher premiums generally result in higher taxpayer spending on subsidies, researchers noted.
...

Today's Sponsors

Venturous
Got healthcare questions? Just ask Transcarent

Today's Sponsor

Venturous

Continue Reading

 
Topics: ACA (Affordable Care Act), CMS, Govt Agencies, Insurance, Patient / Consumer, Payer, Provider, States, Survey / Study, Trends
Related Articles:
In Their Own Words Marketplace Enrollees Would Struggle to Afford Premium Hikes If Congress
Trump administration targets ACA 'program integrity' with new rule, slashes navigator funding
CMS cuts funding to ACA Navigator program
Eliminating the ACA Medicaid Expansion Match Could Reduce Total Medicaid Spending by Up To $1.9 Trillion Over 10 Years and End Coverage for 20 Million People
GOP calls for $1.5T in cuts, much of which could come from healthcare

Share This Article