I'm pleasantly surprised to report that after several years of Kentucky's rate filings being heavily redacted, this year at least (and hopefully going forward), I was able to acquire the actual enrollment data for all of them...not just the individual market, but the small group market as well!
There are four carriers offering policies on the KY individual market (Anthem, CareSource, Molina and WellCare), with an weighted average rate change request of 8.5%, while the small group carriers are requesting steeper average increases of 17.8% for what seems to be shrinking market.
Kansas is another state where the annual rate filings are redacted for many of the carriers; as a result, I can only run a semi-weighted average, and even that is dependent on my estimate of the total individual market size being accurate (my general rule of thumb as long as the enhanced subsidies of the IRA are in place is that about 90% of most states individual market enrollment is on-exchange unless I have data proving otherwise).
With that in mind, the carriers on the Kansas individual market are asking for rate hikes ranging from 2.1% - 24.4%, with an estimated semi-weighted average of 8.9%.
For the small group market, I can't even run a semi-weighted average since I have no idea what the KS small group market size is overall, but the unweighted average rate hikes being requested is 14.9%.
It's also worth noting that unless I'm missing something, US Health & Life Insurance seems to be pulling out of the Kansas individual market, while both Aetna and Cigna seem to be missing from the small group market.
