Last week’s extension of the Affordable Care Act’s open enrollment deadline increases the risk of anti-selection, which will likely lead to higher than anticipated losses for insurance companies and higher premium rates in 2015, according to Moody’s. The credit rating and research group called the latest extension “credit negative” for carriers.

The Department of Health and Human Services said on March 26 it would extend the deadline for consumers to enroll in a health insurance plan under the Affordable Care Act if they started enrollment before March 31 but weren’t able to complete the application by midnight.

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