Monday, August 22, 2016
HHS released a new report showing how the Affordable Care Act’s individual market risk pool evolved between 2014 and 2015.
The report shows that per-enrollee medical costs in the ACA individual market were essentially flat, even as costs in the broader insurance market continued to rise.
“The Affordable Care Act has expanded access to coverage for millions of Americans by reforming the individual market,” said Secretary Sylvia M. Burwell. “Today’s news shows the continuing strength of the Marketplace as a source of affordable health coverage for millions of Americans.”
Additionally, a new blog was also released discussing ongoing efforts to strengthen the Marketplace and plans to explore new options to modify the risk adjustment program.
Today’s press release can be found here: http://www.hhs.gov/about/news/2016/08/11/report-unchanged-medical-costs-show-strength-affordable-care-act-s-marketplace.html
To read the new report, visit: https://www.cms.gov/CCIIO/Resources/Forms-Reports-and-Other-Resources/Downloads/Final-Risk-Pool-Analysis-8_11_16.pdfTo read the blog, visit: http://blog.cms.gov/2016/08/11/building-on-premium-stabilization-for-the-future