Report Debunks Fears of Skyrocketing Premiums

The Hill: “Fears that insurance premiums will spike next year are premature, according to a new report [by the Robert Wood Johnson Foundation] that argues market competition will likely keep costs from rising.”

RWJF: “In competitive markets, unless all insurers behave similarly, those that increase premiums will suffer the loss of a market share to those that continue to price more aggressively.”

“The competitive pressures mean insurers are unlikely to risk raising their premiums too high for fear of losing customers, the report says.”

Market Competition Led to Surprisingly Low Monthly Premiums in 2014; Same Expected for 2015