You are here:HomeNews CenterInsurance News2017Group Plans Not Immune to ACA, Sevigny Warns

Group Plans Not Immune to ACA, Sevigny Warns

New Hampshire Insurance Commissioner Roger Sevigny has been warning for weeks about the risk of a market failure.
Group Plans Not Immune to ACA, Sevigny Warns

Roger Sevigny

August 8, 2017

New Hampshire Insurance Commissioner Roger Sevigny has been warning for weeks about the risk of a market failure on the Affordable Care Act (ACA) exchange. He notes that if the state’s individual health insurance market collapses, the effects will be felt in the group market as well. “There are so many moving pieces. Shifts in these moving pieces can have an impact in every direction,” says Sevigny.

Tyler Brannen, a health policy analyst at the New Hampshire Insurance Department, notes, “Any time you end up with a shift in these populations going into different markets or new people going into a market, you change the underlying health status of the people on average, and the premium has to be adjusted to the risk.” Meanwhile, in a bulletin issued on August 1, the department told all carriers that contingency rates will not be accepted, and that “issuers are advised to make their best pricing assumptions knowing what they know today.”

Filed under: