HealthLeaders Media January 16, 2020
An Urban Institute study found that 31 states saw a decline in premium costs for their lowest-price silver plan.
KEY TAKEAWAYS
– In 2018, the average silver plan premium increased by 30%, followed by a 0.4% decrease in 2019.
– For 2020, lowest silver premiums saw an average 3.5% drop, with the average premium is $426.
– Costs ranged from a low of $298 in Minnesota to a high of $871 in Wyoming.
Premiums fell by an average of 3.5% for Affordable Care Act lowest-cost silver plans in 2020, signaling that the marketplace is stabilizing after uncertainty and price spikes in 2017 and 2018, according to a report from the Urban Institute.
Premium reductions were found in 31 states, according...
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