UPDATE: Delaware: *Final* avg. unsubsidized 2024 #ACA rate changes: +3.1% (down from 4.7%)

The Delaware Dept. of Insurance has posted the preliminary 2024 individual & small group market rate filings from insurance carriers participating in those markets.

Not much noteworthy here other than that Celtic is joining the Delaware individual market for the first time next year. Aetna Health seems to have added a second division in the small group market as well, but perhaps not since both the requested rate change and the current enrollment are identical to the existing Aetna Health listing, so I'm not sure what to make of that. It's a nominal number of enrollees, however, so it doesn't really move the needle anyway.

In any event, Delaware carriers are asking for an average 4.7% rate increase on the individual market and an 8.7% hike for small group plans...subject to state regulatory approval, of course.

UPDATE 8/30/23: The Delaware Insurance Dept. still hasn't posted final rate changes for the small group market, but they've done so for the individual market carriers. Three of the four carriers had their requested rate increases approved as is; one of them (Highmark Blue Cross Blue Shield, which also holds a whopping 96% of the individual market in Delaware) had their increase shaved down from 4.9% to 3.2%.

This means the final weighted average rate increase drops from 4.7% to 3.1%.