Politico interviewed Manatt's Joel Ario, a managing director with Manatt Health Solutions, for an article on potential double-digit rate hikes on Obamacare health plans.
As reported by Politico, residents in some states face hikes of 11 percent to nearly 18 percent in proposed rates. Although millions of Americans were told last fall that their health policies would be canceled because they didn't meet the Obamacare requirements, the president told insurers they could continue offering those plans if states agreed. Two-thirds of states agreed, and insurers now say the younger, healthier Americans who stuck with their existing coverage are pushing premiums higher.
"It really is a state-by-state story," said Ario. "The more transitional policies that are not part of the risk pool yet, the more upward pressure there is on premiums."
Read the article here.