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Smaller Hikes in Health Premium Rates Forecast for 2016 | CA Benefits Broker
Compared to the steep spikes in health plan premiums seen in years past, rate increases for 2016 will remain relatively modest for most medical plan options, although still outpacing overall inflation as represented by the consumer price index (CPI).
But costs will increase substantially for prescription drug coverage, hitting double-digit rates, according to forecasts based on recent health cost trend surveys.
The 2016 Segal Health Plan Cost Trend Survey report, released in September 2015, captured data on cost projections for large U.S. group health plan sponsors before any plan design changes have been made. The survey examined 2016 projected medical cost trends as reported by major health insurance firms by service type.
