Larry Kocot Quoted in Article, “2014 Open Enrollment Period Pushback: The Premium Impact”FOXBusiness November 22, 2013
Larry Kocot, a Member of the Firm in the Health Care and Life Sciences practice, in the Washington, DC, office, was quoted in an article titled "2014 Open Enrollment Period Pushback: The Premium Impact"
Following is an excerpt:
Larry Kocot, Brookings Institution visiting scholar, says the enrollment pushback on top of the president's announcement last week just leaves people asking more questions.
"Rates have to be submitted by insurers in April and revealed in October," Kocot says. "Will the administration alter the April deadline? That is what would give insurers more time to evaluate their rates. A lot has to happen during the rate review period, which takes place all summer long."
Kocot also says it's a mystery as to whether insurance companies will be able to revise rates for technical reasons beyond that April deadline, and how this may impact competition between insurers.
"It's very clear what this move does to the election timeline," Kocot says, pointing out that the enrollment date and thus premium reveal period is now after the 2014 midterm elections. "But it is much less clear on the rate submission timeline."