This commentary appeared on National Journal Online on February 22, 2010.
Health insurance premium price increases have been featured in the news recently. In general, premiums are set at a level that will cover the expected payouts for a group or class of insured people plus profit. To provide a context for understanding these increases, this document identifies the factors that insurance companies consider when setting rates for the next year.
Factors Considered in All Years
Factors Occuring Last Year
Distribution of Increases
Elizabeth A. McGlynn, Associate Director for RAND Health, The RAND Corporation
This op-ed was one of a panel of experts' responses that originally appeared on healthcare.nationaljournal.com.
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