Group medical premiums continue to increase nationwide, according to the May Employee Benefits Market Survey conducted by The Council of Insurance Agents & Brokers. Since the Patient Protection and Affordable Care Act was enacted last year, many carriers and brokers blame the legislation for the increase rates, states CIAB.
“Members continued to see premium increases for clients, though the rate of increase has slowed for some groups since our November survey,” says Ken A. Crerar, president of CIAB. “Demand for brokers’ services continued to be high as employers continued to implement the changes from last year’s health care reform legislation. Nearly all accounts went through a renewal since the enactment of PPACA a year ago, but there is still significant confusion among employers about implementing the law.”
