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HHS Report Shows Rate Increases in Individual and Small Group Plans Are Moderate
Wolters Kluwer Law & Business Jan. 19, 2016 "An HHS annual report claims that in 2015, the Department's Rate Review Program reduced total health care insurance premiums for renewed single risk pool plans by an estimated $1.1 billion in the individual market and by $418 million in the small group market.... The report's data also indicates that health insurance premium rate increases in the individual and small group market have remained moderate since 2013, with an average rate increase in the individual market of 2.4 percent in 2014 and 6.9 percent in 2015, and an increase of 3.6 percent in 2014 and 4.3 percent in 2015 for the small group market." |
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