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Aon: 2017 Blue Shield claims and capitation increases drive worse loss ratio; board adds $2.4M to stabilization deficit
Summary
Aon told the Health Service Board that Blue Shield plan expenses rose 5.1% in 2017, pushing the loss ratio to 99.9%. The board accepted a $2,396,000 adjustment to the Blue Shield stabilization deficit and will amortize one-third ($3.16M) into 2019 rates.
Aon presented a detailed review of Blue Shield of California’s lehi-funded flex plan experience for 2017 and recommended a stabilization adjustment the board accepted on March 8.
Key findings: Aon reported total incurred plan expense per subscriber increased 5.1 percent from 2016 to 2017, while premiums rose 3.7 percent, producing a loss-ratio increase to 99.9 percent from 98.6. The actuary identified two primary…
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