Health insurers have been even more uncertain when they were setting next year’s exchange plan rates than they were when they were setting this year’s exchange plan rates.
Avalere Health has published data hinting at that possibility in a look at early 2015 individual exchange “qualified health plan” (QHP) rate filings.
If insurers had a good feel for QHP claims, the range between the rates the cheapest insurers charge and the most expensive insurers charge ought to shrink, according to Matt Eyles, an Avalere Health analyst.
Instead, the price range seems to be growing, the analysts found.
The analysts used data from nine states — Connecticut, Indiana, Maryland, Maine, Oregon, Rhode Island, Virginia, Vermont and Washington — to calculate the monthly silver plan premium for a 40-year-old non-smoker.
The nine-state average premium for the 40-year-old non-smoker could increase 8 percent in 2015, to $350.