@Scant: we don't get 100% rate increases unless 1) carriers underestimated the prior year and/or utilization has suddenly gone up. Otherwise we have 10% plus/minus.
The 100% ACA increase says claim estimate last year were waaaay off. Last year's claims + trend + change in reserve + admin + ....= new rate.
We know last year's rate, renewal, 2017 rates, trend and can estimate the change in utilization (if we care). The young don't suddenly get sick. A large block of old people don't suddenly get sicker. ACA rates are much higher than group.
To what do you attribute the difference and the 2017 increase?
The 100% ACA increase says claim estimate last year were waaaay off. Last year's claims + trend + change in reserve + admin + ....= new rate.
We know last year's rate, renewal, 2017 rates, trend and can estimate the change in utilization (if we care). The young don't suddenly get sick. A large block of old people don't suddenly get sicker. ACA rates are much higher than group.
To what do you attribute the difference and the 2017 increase?
