Premiums for Popular ACA Plans to Drop 4 Percent
Several states are expected to experience double-digit declines
Premiums for key plans sold on HealthCare.gov will drop by 4 percent on average next year, with several states seeing double-digit declines, the Trump administration said this morning.
This marks the second straight year that the so-called benchmark premium has dropped and is a further sign that the Affordable Care Act (ACA), also referred to as "Obamacare," insurance marketplaces are stabilizing, even as the administration supports a lawsuit that could destroy the healthcare law.
The Trump administration, which has sought to take credit for stabilizing the law’s marketplaces while also expanding access to cheaper and skimpier alternatives, said 20 more insurance plans will be available when enrollment in 2020 coverage opens next week. In a further sign of the marketplaces’ improving health, just 12 percent of enrollees live in a county with only one insurer selling 2020 plans, down from 20 percent in 2019.
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