New Study Shows Insurance Premium Rates Stabilizing
The Associated Press and consulting firm Avalere Health have found that health insurance premiums under the Affordable Care Act seem to be stabilizing.
Not only that but the amount of choices consumers have and the amount of insurers in the market seems to be increasing as well.
This turn around is something many can be happy with as it 1. happened under Trump, 2. is a sign that the Affordable Care Act is still working, and 3. it means less rate hikes for those who have to pay some or all of their premium out of pocket!
Check out the excerpt below from the AP:
The Associated Press and the consulting firm Avalere Health crunched available state data and found that “Obamacare’s” health insurance marketplaces seem to be stabilizing after two years of sharp premium hikes. And the exodus of insurers from the program has halted, even reversed somewhat, with more consumer choices for 2019.
The analysis found a 3.6 percent average increase in proposed or approved premiums across 47 states and Washington, D.C., for next year. This year the average increase nationally was about 30 percent. The average total premium for an individual covered under the health law is now close to $600 a month before subsidies.
For next year, premiums are expected either to drop or increase by less than 10 percent in 41 states with about 9 million customers. Eleven of those states are expected to see a drop in average premiums. In six other states, plus Washington, D.C., premiums are projected to rise between 10 percent and 18 percent.
Insurers also are starting to come back. Nineteen states will either see new insurers enter or current ones expand into more areas. There are no bare counties lacking a willing insurer.
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