California: Study Finds Marketplace Data Analysis Helped Reduce Premiums
A new study published in Health Services Research found that Covered California's development of risk scores and demographic profiles of potential enrollees based on year one experiences helped drive down premiums for the 2015 Open Enrollment Period. As an active purchaser of health insurance products, Covered California used the data analysis when negotiating rates with insurers, which resulted in a decrease in premiums that saved consumers tens of millions of dollars.
New York: Marketplace Poised to Establish Special Enrollment Period for Pregnancy
The New York state legislature awaits Governor Andrew Cuomo’s (D) signature on S5548A, a bill that would make New York the first state to establish pregnancy as a qualifying event that triggers a “special enrollment period,” enabling a pregnant woman to obtain coverage through the New York State of Health Marketplace throughout the year. The bill, if enacted this year, would take effect on January 1, 2016.