The State of Washington recently made public Wakely’s report on ways to improve market stability. Wakely’s report analyzed a multitude of policy options to identify which policies would have the largest positive effect of improving stability in Washington’s individual market. Wakely provided actuarial and policy analysis on different types of reinsurance programs (both claims and conditions), premium and cost-sharing wraps, and state-offered options. Wakely’s superior ability to rapidly and efficiently collect issuer data allowed the analysis to be based on state-specific claims and premiums information. State-specific data, rather than national databases, allowed Wakely to craft a more accurate set of policy recommendations that was specific to Washington’s market. You can read the report here.
For more information on Healthcare Reform, State Waivers and other Wakely expertise, visit Wakely.com or call Julie Peper at 720.226.9814.