2015 HIX Premium Hikes May Top 7%
"We're looking at a composite of various markets, and each market is complex," he said of the effort to track individual premium rates. "Coming out with a single number is going to be fraught with over-simplification."
One trend in the data should have a calming effect on premium rates in the exchanges, Estupiñan said.
"In many of the insurance exchanges, some of the larger national players did not join. In many markets, there will be more of these kinds of new entrants [to the exchanges] in 2015," he said, adding these established healthcare payers are adopting a "conservative premium-setting approach."
In particular, the set of carriers that will be new to the exchanges in 2015 appears unlikely to try to under-cut HIX competitors with aggressively low premium rates, he added.
Premium rates only tell part of the story about 2015 HIX consumer costs and the business strategies of carriers operating on the exchanges, said Katherine Hempstead, team leader and senior program officer at the Princeton, NJ-based Robert Wood Johnson Foundation.
- CEO Exchange: Preparing for Population Health
- Advocate, NorthShore Deal Would Create 16-Hospital System
- 3 Strategies for Retaining Millennial Employees
- Better HCAHPS Scores Protect Revenue
- Power of price: In South FL and the nation, healthcare costs often are shrouded in secrecy
- Two NY hospitals to offer free hip and knee replacement surgeries for qualifying patients in December
- CEO Exchange: Pressure is On to Partner, Drive Quality
- Top Reason for Nurse Turnover: Managers
- Hospital mergers may lead to higher prices
- Healthcare data of 1 million NJ patients compromised since 2009