Marginal rate increases are expected for health insurance increases for Corpus Christi for enrollment year 2020. This will show how the health insurance market has matured from its official start in 2014 to present day.
Corpus Christi Health Insurance rate hikes for 2020 appear to be modest for the second straight year, according to the first assessment of 2020 rates proposed by insurers. The rate filings, which are an early indication that 2019 rate hikes weren’t a fluke and that administration policies have proven less disruptive than some experts believed.
“It seems like things have stabilized,” said James Whisler, a principal with Deloitte Consulting who works with insurers on rate setting.
Rate hikes this year range from an average increase of 13 percent to reductions of 3 percent in different cities and states around the US. Even these modest hikes could get push backs form insurance regulators in Texas, meaning the 2020 health insurance premiums in Corpus Christi could be even lower when they are finalized shortly before open enrollment begins.
One big reason why the Affordable Care Act (ACA) marketplaces have settled: Insurers are now making lots of money on their Obamacare customers — the vast majority of which are heavily subsidized — after jacking up rates to account for higher-than-expected medical costs in the early years.
In addition, the administration’s rule for selling plans that don’t meet ACA requirements, have had a minor impact on Corpus Christi health insurance sales almost a year after they were finalized. The insurance industry’s muted response to rules expanding short-term and association health plans shows that the ACA markets have matured, experts said.
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