This analysis of insurers’ preliminary rate filings shows that ACA Marketplace insurers are requesting a median premium increase of 6% for 2024. Insurers cite price increases for medical care and prescription drugs as a key driver of premium growth in 2024, Insurers’ proposed rate changes – most of which fall between 2% and 10% – may change during the review process.
How much and why 2024 premiums are expected to grow in Affordable Care Act Marketplaces
