What’s Really Causing the Rise in Insurance Premiums, and What Can States Do About It?
May 12, 2025
Healthcare cost increases are outpacing general inflation, which jeopardizes access to coverage and care, as well as investments in other priorities. As a result, states are looking for ways to reduce the cost burden for consumers, employers, and taxpayers. The State of Maine engaged Wakely Consulting Group, an HMA Company, to analyze historical medical trends and the associated impact on premiums in Maine’s health insurance market for the period of 2021 to 2025. The goal was to assess what factors are driving rising insurance costs. This project was supported by an HMA contract with Arnold Ventures, under which we provide technical assistance to states seeking to reduce healthcare cost growth.
