Premiums for Health Insurance Bought on Exchanges to Climb in 2016
Source: The Wall Street Journal
The Obama administration said many consumers will see noticeable premium increases when buying health coverage on insurance exchanges in 2016, acknowledging for the first time what many health-care experts had predicted.
Federal officials said Monday that the price of the second-lowest-cost midrange “silver plan”—a key metric for premiums around the country—will increase by 7.5% on average across the three-dozen states that rely on Washington to administer the health law for them.
And 60% of enrollees—across 30 of the largest markets in the U.S.—will see the average rate for that benchmark plan rise by 6.3%, according to a Health and Human Services report on premium data that hasn’t yet been made fully public.
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Premiums for Health Insurance Bought on Exchanges to Climb in 2016 _ John & Rusty Report
Author: Ross Rogers
