How did the Department of Insurance come up with the 4-5% average premium increase for Indiana individual rates for 2015?

Published 11/06/2014 08:30 AM   |    Updated 11/06/2014 08:30 AM
How did the Department of Insurance come up with the 4-5% average premium increase for Indiana individual rates for 2015?

The actuaries at the Department of Insurance reviewed the premiums in the rate filings for 2014. We then reviewed the premiums in the rate filings for 2015. From this comparison we found the average change to be from 4-5% premium increase.

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