Academy’s May 20 Testimony on Capitol Hill Regarding ACA-Related Premium Changes

May 22, 2013
On May 20, American Academy of Actuaries Senior Health Fellow Cori Uccello told the U.S. House of Representatives’ Energy and Commerce Committee’s Subcommittee on Oversight and Investigations that the Affordable Care Act’s health insurance issue and rating rules that apply to the individual and small group markets, which take effect Jan. 1, 2014, “will affect not only overall average premiums, but also the specific premiums that people will face. Premium changes due to the ACA health insurance market reform rules will vary across states and among individuals and will reflect many factors…” Uccello described these factors in her testimony before the subcommittee during its hearing on “Health Insurance Premiums Under the Patient Protection and Affordable Care Act.” Read Uccello’s statement.