Yes, and no.
They are required to increase premiums to keep a certain amount of Reserves.
But Carriers request Premium Increases, and those requests are approved by the states.
Premium increases are essentially based on a formula.
And the formula used, is primarily based on the Price of Care.
None of this supports your premise. Not sure what your point is actually.
Premiums on PDP's didn't increase because the costs of prescriptions increased. They increased because the government capped oop costs for beneficiaries.
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