Health insurance plans are in trouble.
The latest blow to the industry comes from the release of a report from a leading health insurer showing that health care plans have a far lower average deductible than their peers.
The report found that insurers’ average deductible was $2,621, which is only slightly lower than the $3,000 average for private health insurance plans in 2015.
Health plans also had far fewer medical services than private insurers, but that number has remained relatively stable for years.
While that may seem like a good thing for consumers, it could mean more money in the pockets of insurers.
The Health Insurance Providers Association (HIPAA) reported last month that premiums for individual health plans had climbed for the fifth consecutive year in 2018.
The increase comes as the industry has been struggling to get consumers on board with Obamacare’s marketplaces, which have faced many hurdles.
A report last month from the Center for American Progress found that while premiums for the individual market had declined, premiums for Medicaid and CHIP rose.
That report also found that premiums on the federal marketplace, the health insurance market that is designed to offer coverage to people with low incomes, were significantly higher than those for the private market.
HIPAA’s report, however, noted that premiums in the individual marketplace are also far higher than what insurers pay out for individual coverage.
While HIPAA doesn’t directly regulate the marketplaces themselves, it does provide some guidance for insurers in the form of a plan review and risk assessment.
Under HIPAA, insurers must review their plans to make sure they meet requirements for quality, cost-effectiveness and cost-sharing.
The HIPAA plan review process is typically conducted over a period of months and is intended to help insurers identify which plans are most likely to be appropriate for consumers.
The plan review itself is important, because insurers must ensure that they are able to meet the requirements of the ACA, HIPAA says.
“HIPA is a key mechanism for the exchange marketplaces to assure that individuals are able afford coverage, and the ACA has required the marketplace to establish reasonable coverage standards and to take steps to prevent price gouging and premium abuse,” the HIPAA report said.
As a result, insurers are required to develop a plan evaluation that gives them an idea of how they will cover a consumer’s needs, and how to price plans accordingly.
The study found that more than half of the health insurers surveyed in 2018 “did not have a plan assessment” on their books.
This means that the health plans did not have the necessary information to provide consumers with an accurate picture of their coverage.
The new HIPAA data comes after a number of health insurers announced their plans were likely to end up in court after a ruling by the US Supreme Court in September that struck down key provisions of the Affordable Care Act.
The Supreme Court ruled that the ACA did not violate the Constitution because Congress did not explicitly authorize the ACA’s requirement that all Americans have health insurance.
The ruling came after the ACA allowed states to opt out of the law’s Medicaid expansion, which many states had previously opted out of.
The decision also set off an industry firestorm, with insurers like Aetna and Humana threatening to leave the market.
At the same time, private insurers like Anthem announced they would be leaving the market entirely, leaving their customers stranded in the limbo of not having health insurance for several months.
It’s unclear if that will have any effect on premiums for insurance plans, as it’s unclear how many people will be able to access insurance plans as a result of the Supreme Court ruling.