What You Need to Know
- Health insurance prices will stay about the same in 2022, said actuary Dave Dillon in a recent report.
- Temporary federal premium subsidies could help reduce rates, but underlying medical inflation is still out there.
- COVID-19 is an unknown and could cut or raise rates by 5%.
Actuary Dave Dillon is predicting that health insurance prices will stay about the same in 2022.
Dillon — a fellow of the Society of Actuaries (SOA), an SOA board member and a senior vice president at Lewis & Ellis, an actuarial consulting firm — wrote in a recent commentary that typical premiums could range from 5% lower than they are this year to 5% higher.
But Dillon said some markets could look different from others.
“Consistent with previous years, insurance rates will vary widely across individual states and marketplaces,” Dillon said.