Posted by Michael Wonder on 23 Oct 2019
Premiums for HealthCare.gov plans are down 4% but remain unaffordable to non-subsidised consumers
22 October 2019 - Administration’s actions bring increased issuer participation, competition and greater choice to the Federal Health Insurance Exchanges
Today, the Centers for Medicare & Medicaid Services (CMS) announced that the average premium for the second lowest cost silver plan on HealthCare.gov for a 27 year-old will drop by 4 percent for the 2020 coverage year.
Additionally, 20 more issuers will participate in states that use the Federal Health Insurance Exchange platform in 2020 bringing the total to 175 issuers compared to 132 in 2018, delivering more choice and competition for consumers. As a result of the Trump Administration’s actions to stabilise the market, Americans will experience lower premiums along with greater choice for the second consecutive year.
