Milliman Survey Indicates Lower Health Insurance Rate Increases
Thursday 31 July 2008 at 2:27 pm SEATTLE, July 30 /PRNewswire/ -- Preliminary results from Milliman's 2008 Group Health Insurance Survey indicate premium rate increases continue to exceed the government's official rate of inflation but are lower than premium increases in recent years. The 2009 estimated January renewal increases of 8.5% for Health Maintenance Organizations (HMOs) and 9.4% for Preferred Provider Organizations (PPOs) continue a trend toward lower increases since peaking at 16.1% in 2002. This marks the sixteenth year that Milliman has conducted the survey.The Milliman survey is unique in that it asks HMOs and PPOs to respond regarding a given set of benefits and demographics. The survey removes three important factors that can skew the results of other health cost surveys: differences in benefit design, cost sharing levels and member demographics. (more)
