Health Insurance Spikes in 2017 May Mean More Competition
In the small universe that is health insurance, 2017 may turn out to be pretty nice for the men and women who predict how much insurers have to pay out in claims.
“Actuaries across the country will be able to sleep better at night for 2017,” John Bertko, chief actuary for Covered California, said.
Bertko says after three years actuaries finally have the information to more accurately forecast what they need to make a profit. Better data is just one signal that premiums on the Obamacare exchanges will likely go up more than this year. More sick people than expected and exploding drug prices are two other important signs.