Fierce Healthcare October 19, 2020
Robert King

The premiums for benchmark plans sold on the Affordable Care Act’s exchanges through HealthCare.gov are expected to decline by 2% in 2021 and more insurers are expected to sell plans, a new report finds.

The Centers for Medicare & Medicaid Services announced Monday that the premium decline is part of a larger trend with the insurance exchanges, where premiums for the average plan has declined by 8% since 2018.

Overall the premiums for the second-cheapest silver plan declined by 2% for 2021. That plan is a benchmark that CMS uses to calculate the amounts for tax credits that lower the cost of insurance.

The report applies to plans sold on the HealthCare.gov website, which residents in 38 states use to...

Today's Sponsors

LEK
ZeOmega

Today's Sponsor

LEK

Continue Reading

 
Topics: ACA (Affordable Care Act), CMS, Govt Agencies, Insurance, Patient / Consumer, Payer, Provider, Public Exchange
Related Articles:
In Their Own Words Marketplace Enrollees Would Struggle to Afford Premium Hikes If Congress
Trump administration targets ACA 'program integrity' with new rule, slashes navigator funding
CMS cuts funding to ACA Navigator program
Eliminating the ACA Medicaid Expansion Match Could Reduce Total Medicaid Spending by Up To $1.9 Trillion Over 10 Years and End Coverage for 20 Million People
GOP calls for $1.5T in cuts, much of which could come from healthcare

Share This Article