HEALTHCOMMONWEALTH BEACON
Health insurance woes reaching ‘inflection point,’ commissioner says
Massachusetts faces significant health insurance premium hikes, with nearly 700,000 residents seeing an average 10.4% increase. Insurance Commissioner Michael Caljouw highlights the merged market's deteriorating risk pool and 'inflection point' for addressing escalating costs. Small businesses are shifting to self-insured plans, exacerbating affordability challenges as low-value care and rising family plan premiums strain the system.
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Adjacent reporting
- Despite some relief, small businesses still in line for double-digit health premium increases
- Massachusetts can no longer ignore the health care affordability crisis
- Why insurers say ACA premiums are on track for another double-digit increase
- Affordable Care Act Insurers Want More Premium Increases as Enrollment Sags
- Obamacare premiums likely to surge again next year
- 5 takeaways from STAT’s series on the soaring cost of health insurance