Navigation Links
CO-OPs Have Generally Higher Premiums, Atlantic Information Services Analysis Finds; Could Pose Challenge in Attracting Members
Date:11/6/2013

Washington, DC (PRWEB) November 06, 2013

Products offered by the new Consumer Operated and Oriented Plans (CO-OPs) on the insurance exchanges are generally higher priced than those offered by more experienced health plans across all tiers (except platinum), according to Atlantic Information Services, Inc. (AIS) analysis in the Nov. 4 issue of AIS’s Health Reform Week (HRW) — a situation that will make the CO-OPs’ task of attracting members more challenging, says one insurance market expert. CO-OPs are operating in 22 exchanges.

AIS compared premium rates for a 27-year-old individual in 17 federally facilitated or partnership exchanges, and rates for a 40-year-old in four state-run exchanges that have CO-OPs. CO-OP premiums are 19% higher than non-CO-OP premiums at the catastrophic tier level nationally. On average, CO-OP premiums are higher than their competitors’ by 4% for bronze plans, 6% for silver plans and 3% for gold plans.

Courtney White, a consulting actuary at Milliman, says CO-OPs’ higher premiums and status as a new entrant in the market will make it more challenging to compete.

“They don’t have the brand recognition that some of the more traditional carriers have,” he tells HRW. “A lot of it will depend on how well they can tell their story in the market, and how much of a difference there is between them and the lower-cost carriers.”

Visit http://aishealth.com/archive/nref110413-03 to read the article in its entirety, including more commentary from White, and a table comparing average CO-OP and non-CO-OP premium rates, per tier.

More data on premium rates and all other aspects of health insurance exchanges can be found in the recently released AIS’s Health Insurance Exchange Directory and Factbook. The CD version features a complete Excel workbook with specific rates per product for each state, as well as source documents with full rate information as released by states. For more information on the Directory, including how to order, visit http://aishealth.com/marketplace/aiss-health-insurance-exchange-factbook-and-directory.

About AIS’s Health Reform Week
AIS’s Health Reform Week is the nation’s leading publication on the business implications of the massive changes for the health industry mandated by reform. In addition to timely business news, the newsletter delivers a steady stream of sharp ideas from managers and consultants nationwide on topics like the launch of health exchanges, MLRs and rebates, essential health benefits, the end of pre-existing condition exclusions, gender rating and benefit caps, preventive services, MA/Part D reforms, ACOs and much more. Visit http://aishealth.com/marketplace/aiss-health-reform-week for more information.

About Atlantic Information Services
Atlantic Information Services, Inc. (AIS) is a publishing and information company that has been serving the health care industry for more than 25 years. It develops highly targeted news, data and strategic information for managers in hospitals, health plans, medical group practices, pharmaceutical companies and other health care organizations. AIS products include print and electronic newsletters, websites, looseleafs, books, strategic reports, databases, webinars and conferences. Learn more at http://AISHealth.com.

Read the full story at http://www.prweb.com/releases/2013/11/prweb11304010.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Spiro PD Personal Spirometer Helps People Track Their Breathing Disorders As Generally Mild Winter Signals Early Allergy Season
2. Higher-spending hospitals have fewer deaths for emergency patients
3. Taller, Heavier Women May Face Higher Ovarian Cancer Risk
4. Heart failure patients with diabetes may benefit from higher glucose levels
5. Cancer Care Costs Higher in U.S. Than Europe, But Survival Longer
6. Children Born to Obese Moms May Face Higher Autism Risk: Study
7. Could Menthol Cigarettes Pose Even Higher Stroke Risk?
8. Certain Birth Control Pills May Carry Higher Blood Clot Risk: FDA
9. Mental Illness Tied to Higher Rates of Physical Problems: Report
10. Overweight Pregnant Women at Higher Risk for Complications
11. Depression Linked to Higher Odds for Poor Leg Circulation
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... ... June 25, 2016 , ... Experts ... applications at AcademyHealth’s Annual Research Meeting June 26-28, 2016, at the Hynes Convention ... health care topics including advance care planning, healthcare costs and patient and family ...
(Date:6/25/2016)... ... ... of Bruton Memorial Library on June 21 due to a possible lice infestation, as reported ... head lice: the parasite’s ability to live away from a human host, and to infest ... in the event that lice have simply gotten out of control. , As lice are ...
(Date:6/25/2016)... Lewisville, TX (PRWEB) , ... June 25, 2016 , ... ... in the United States, named Dr. Sesan Ogunleye, as the Medical Director of its ... be the facility Medical Director of our new Mesquite location,” said Dr. James M. ...
(Date:6/25/2016)... Oklahoma (PRWEB) , ... June 25, 2016 , ... ... both athletes and non-athletes recover from injury. Recently, he has implemented orthobiologic procedures ... Oklahoma City area —Johnson is one of the first doctors to perform the ...
(Date:6/25/2016)... ... ... Conventional wisdom preaches the benefits of moderation, whether it’s a matter of indulgence ... high can result in disappointment, perhaps even self-loathing. However, those who set the bar ... from PsychTests.com reveals that behind the tendency to set low expectations is ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... 2016 One of Australia,s successful ... of a new biotechnology company, Noxopharm Limited [ABN 50 608 966 ... and to list on the ASX. Noxopharm is a ... enter a Phase 1 clinical study later this year. ... of the biggest problems facing cancer patients - the ability of ...
(Date:6/26/2016)... 2016 Jazz Pharmaceuticals plc (Nasdaq: ... Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR"), ... Inc. ("Celator"; Nasdaq: CPXX ) expired effective ... As previously announced on May 31, 2016, ... agreement under which Jazz Pharmaceuticals has commenced a tender ...
(Date:6/26/2016)... , June 27, 2016  VMS Rehab Systems, Inc. ... will take whatever measures required to build a strong ... which is currently listed on the OTC Markets-pink current ... Chairman and CEO, "We are seeing an anomaly in ... understand, not only by the Company, but shareholders and ...
Breaking Medicine Technology: