Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Arkansas insurance leaders report $13.1 million premium reduction after user fee elimination; enrollment roughly flat
Summary
Arkansas Insurance Department officials told the Senate Public Health Committee that moving the state insurance marketplace into the insurance department and eliminating a 1.2% user fee reduced projected 2020 premiums by about $13.1 million and left enrollment largely stable while plan availability increased across all counties.
Arkansas Insurance Commissioner Alan Kerr told the Senate Public Health, Welfare and Labor Committee that changes to administration of the state health insurance marketplace and the elimination of a prior user fee reduced projected 2020 premiums by roughly $13,100,000.
Kerr, joined by Ryan James of the insurance department, said carriers’ rate filings for plan year 2020 totaled about $1,050,000,000 in premiums and that removing the roughly 1.2% user fee the marketplace previously charged produced the net savings. “That not only means lower rates for policyholders,” Kerr said, “but because Arkansas Works policies are the same as the private marketplace, it results in cost savings on…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
