South Carolina: Approved avg. 2022 #ACA rate changes: +3.1% indy market; +2.1% sm. group market

South Carolina

A week or so ago, I posted an analysis of the preliminary rate filings for South Carolina's 2022 individual & small group markets.

At the time, I wasn't able to find the actual filing forms and was thus limited to running unweighted averages for both markets, which came to a flat year over year increase in the individua market and a 4.4% reduction in small group plans.

Since then, however, I've managed to find the SERFF database filings for all carriers, and can now run weighted averages for approved rates in both markets.

Overall, they come in at a weighted average increase of 3.1% for the individual market and 2.1% for small group plans. It's also worth noting that I was wrong about UnitedHealthcare dropping out of the small group market--it looks like they're instead replacing all of their current policies with new ones, which means there's technically no actual "rate changes" since the existing offerings are being terminated and thus have nothing to compare against: