Day: September 19, 2022

COVID: An Actuary’s Worse Nightmare

HEALTHCARE COSTS FOR EMPLOYER-SPONSORED PLANS ON THE RISE

You can’t experience rate something that has never happened before. You can only experience rate after the fact. Was the “going in” equal to the “going out”?

Underwriting is not all about numbers. Intuition plays a role. A combination of both makes for winners in Las Vegas.

Price increases are not yet reflected in trend factors payers use to set premiums…….claims shot up in 2021 due to residual demand from COVID-19………claim activity is projected to normalize in 2022……. health plans will be under pressure to increase provider reimbursement rates in reaction to the rise in inflation as their provider contracts come up for renewal…………..

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