To Come in 2025: ACA Plan Premium Hikes , due to inflation and heightened demand for weight loss medication

Inflation tops the list of reasons for the increase, with primary drivers of this being the ongoing rise in both cost and utilization of heath care services and medication, or medical trend. Most insurers came in between 7% and 10%, and the median was 8%. Medical inflation is picking up, the authors note, but plan enrollees often won't see increases immediately, "as contracts between insurers and providers are typically negotiated for a year or more." Other top primary reasons behind the proposed rate increase for 2025 are hospital market consolidation and workforce shortages, and the continuously growing demand for weight loss and other specialty medications (namely GLP-1s).

thanks fatties