Older and sicker customers continue to enroll while the company still has a dearth of younger, healthier enrollees to balance out the risk, said Brian Tajlili, director of actuarial and pricing services for the insurance company.
BCBSNC paid out
According to the filings with the
Last year, BCBSNC raised its ACA rates by 32.5 percent and dropped its broad-network plans in 16 counties, reducing its ACA enrollment numbers from 397,000 in 2015 to 330,000 in 2016. The company will file rate plans for its grandfathered and transitional ACA plans later this summer.
Tajlili said that drug prices used by a lot of ACA customers continued to rise last year, and that seven drugs cost the company a total
Tajlili said the company is continuing to evaluate its participation in the ACA and it will make a final decision in August. The company now plans to offer its ACA plans in all 100 counties, and the rate increase range spans 9.4 percent to 28 percent.
"The Affordable Care Act has allowed increased access to medical coverage and that's a good thing," he said. "But increased access comes with a cost."
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