Individual Health Insurance Market

Rate Setting During COVID-19: Risk Corridors and Reinsurance

by Kelsey Waddill

Update 5/22/2020: This article has been updated to reflect that the one-sided risk corridor in the HEROES Act applies to individual and small group markets as well as self-insured and large group...

UnitedHealth Group Offers Remote, Low Cost Access to Eyewear

by Kelsey Waddill

UnitedHealth Group is expanding access to vision care by enabling members to purchase eyewear remotely at low cost, the payer announced. For more coronavirus updates, visit our resource page, updated...

Payers Offer Premium Credits for Cash-Strapped Members, Employers

by Kelsey Waddill

Surplus funds that would normally go toward nonessential health services will instead be used to extend premium credits and waive cost-sharing for hard-hit populations, Priority Health announced. For...

CO Public Option Bill Paused, Unemployment Rises Due To COVID-19

by Kelsey Waddill

The Colorado House of Representatives laid aside the public option proposal, the Colorado Health Care Option, in light of coronavirus. Three members of the Colorado House of Representatives wrote a...

Payers Slated to Pay $2.7B in Medical Loss Ratio Rebates in 2020

by Jacqueline LaPointe

Private payers could issue a total of $2.7 billion in medical loss ratio rebates in 2020, more than double the previous year’s record high of $1.4 billion, according to estimates from the Kaiser...

Supreme Court Rules Federal Government Must Pay $12B to ACA Insurers

by Jessica Kent

In an 8-1 decision, the Supreme Court has ruled that the federal government must pay $12 billion to insurers enrolled in the Affordable Care Act’s risk corridor program. The risk corridor...

Individual Market COVID-19 Treatments May Cost Less Than Expected

by Kelsey Waddill

The individual health insurance market will experience the economic impact of coronavirus in three major ways, including potentially lower COVID-19 treatment costs, a Robert Wood Johnson Foundation...

3 Economic Uncertainties That Payers Face Amid Coronavirus Crisis

by Kelsey Waddill

Payers are grappling with how delayed elective care, extended payment grace periods, and unemployment will impact business as the coronavirus crisis looms indefinitely, the UnitedHealth Group’s...

An Overview of the FFCRA, CARES Act Coronavirus Testing Rules

by Kelsey Waddill

CMS has issued guidance for private health plans regarding coverage for coronavirus diagnostic testing and relevant products and procedures. For more coronavirus updates, visit our resource page,...

COVID-19 Recession to Increase Uninsurance Rates, Test Medicaid

by Kyle Murphy, PhD

As the economic impact of the coronavirus pandemic continues to worsen, uninsurance rates will increase rapidly and place unprecedented strain on Medicaid programs and the ability of uninsured...

How the Affordable Care Act Impacted the Individual Market

by Emily Sokol, MPH

Reforming the Affordable Care Act (ACA) has had lasting impacts on the individual health insurance market. Intending to reshape a dysfunctional system, the ACA included incentives for insurers to...

Health Payer Segments to Stay Profitable, Face Tighter Margins

by Kelsey Waddill

The Best’s Market Segment Report, a global insurance credit rating agency, publisher, and data analytics provider, has projected tighter margins but an overall stable outlook for 2020 for most...

Supreme Court Will Not Expedite ACA Constitutionality Review

by Kelsey Waddill

The Supreme Court will not expedite a review of the Affordable Care Act’s (ACA’s) constitutionality. The Fifth Circuit Court of Appeals declared the individual mandate void in December...

Reinsurance Programs Reduce Individual Market Premiums by 16.9%

by Samantha McGrail

Reinsurance programs reduced premiums by 16.9 percent, on average, in the first year of program enactment relative to estimated premiums without reinsurance, according to a continuing Avalere analysis....

ACA Enrollment Has New Star Ratings, Enhanced Direct Enrollment

by Kelsey Waddill

In 2020, the Affordable Care Act (ACA) enrollment process will feature quality star ratings, Enhanced Direct Enrollment (EDE), health reimbursement accounts (HRAs) resources, and a more...

ACA Premiums Will Fall 4% and 20 Payers Join Marketplace in 2020

by Kelsey Waddill

The average premium on Healthcare.gov dropped for a second consecutive year, down by four percent, CMS announced. Delaware saw the highest Healthcare.gov premium decline, where the premium for a...

UHC Medicare Plan Suspended for Failing to Meet Medical Loss Ratio

by Kelsey Waddill

In a letter released on September 11, CMS informed UnitedHealthcare that its Medicare contract H5322 through Care Improvement Plus failed to meet its medical loss ratio requirement for the third year...

Premium-Cutting CO Public Option Plan Sparks Payer Concerns

by Kelsey Waddill

Colorado officials said that the state’s public option plan would save Coloradans 9 to 18 percent or more on monthly premiums, but payers and providers have concerns. The state released a draft...

Health-Contingent Wellness Programs Enter Individual Marketplace

by Kelsey Waddill

CMS will allow states to expand their wellness programs for the individual marketplace either through state-run or payer-designed programs, CMS announced. The goal of the demonstration is two-fold,...

Individual Insurance Market Vaults Rebates to Historic $1.3 Billion

by Kelsey Waddill

Healthcare payers will be paying back $1.3 billion in rebates to consumers, and the individual health insurance market played a significant role, a study by the Kaiser Family Foundation (KFF)...