Thats the argument made by Fortune Magazine in a recent article. Several of the initial cost-control measures expire shortly.
The law included 3 mechanisms to keep premiums down – risk adjustment, reinsurance, and risk corridors. These were designed to give some stability as carriers were setting premiums in a new environment for which there was only limited rate experience. The loss of 2 of these mechanisms (risk adjustment isn’t expiring) will likely cause increasing premiums.
For the full article, click here.