• A continued shift of small groups Although the uncertainty in predicting health care utilization and spending from fully insured plans to other created by the effects of COVID-19 pandemic has subsided, the end of the funding arrangements such as self-funded or level-funded plans public health emergency (PHE) and changes in market regulations for 2024 could put upward pressure on introduce new so. [...] COVID-19 Vaccine and Testing Costs The PHE ended on May 11, 2023, prompting an array of changes in the costs of COVID-19 vaccines and tests that carriers and consumers face.3 In addition, the expected depletion of federally purchased vaccines and tests is expected to shift more of the costs to carriers and consumers.4 Beginning in January 2022, commercial health insurance carriers were required to. [...] It is expected that any increases to premiums due to long COVID will vary by carrier and by region, based on the underlying demographics of the enrollees and the local prevalence of COVID. [...] Changes in Risk Pool Composition—Individual Market The resumption of Medicaid eligibility redeterminations is a potential 2024 premium driver in the individual market, due to the impact on the composition of the insurance risk pools. [...] If the restriction of the number of non-standardized plans results in either the high-cost plans or the low-cost plans being discontinued, the state average premium may change.
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- 8
- Published in
- United States of America
