Quote of the Day

“What will we know come springtime when we’re doing our 2015 ratings [for product pricing on public exchanges] that we didn’t know when we were doing it for the 2014 rating? The short answer is that we won’t know that much more. At most, carriers will have just three months of claims history by the time they file their 2015 rates.” — Catherine Murphy-Barron, a principal and consulting actuary at Milliman, told AIS’s Inside Health Insurance Exchanges.