KFF: Marketplace Insurers Propose 6% Average Rate Hike

Marketplace insurers are proposing to increase premiums by an average 6% for 2024, driven primarily by higher medical costs due to inflation, according to a Kaiser Family Foundation analysis of preliminary rates, which also aligns with the American Academy of Actuaries’ recent report on factors contributing to 2024 rate changes. KFF says that across 320 insurers participating in the markets in the 50 states and DC, rate changes ranged from a decrease of 15% to a 100% increase, although most...