Exchange Premiums Decrease 4.2% for 2019
On October 11, 2018, Governor Scott Walker announced premium rates in Wisconsin’s individual health insurance market will decrease an average of 4.2 percent from 2018 rates.
The decrease is largely credited to the bipartisan Wisconsin Health Care Stability Plan (WHCSP) that passed the Legislature in spring 2018. The WHCSP creates a reinsurance pool that will cover a portion of high-cost claims in the individual market. Actuarial analysis from the Office of the Commissioner of Insurance projected premiums would have increased 10% for 2019 in the absence of the reinsurance program. WHA strongly advocated
for the WHCSP to ensure affordability and stability in the individual insurance market.
This story originally appeared in the October 16, 2018 edition of WHA Newsletter