ACA Compliance Packages | Alex Azar Says Premiums To Drop For Affordable Care Act Plan

WASHINGTON — Premiums for a popular type of “silver” health plan under the Affordable Care Act will edge downward next year in most states, the Trump administration’s health chief announced Thursday.

Health and Human Services Secretary Alex Azar said premiums for a so-called “benchmark” silver plan will drop by 2 percent in the 39 states served by the federal HealthCare.gov website.

The number of marketplace insurers will grow for the first time since 2015, he added.

Azar’s numbers were in line with a broader independent analysis earlier this month by Avalere Health and The Associated Press, which found premiums and markets stabilizing nationwide. But his claim that the Trump administration deserves credit for “Obamacare’s” turnabout was quickly challenged.

Read more at PBS News Hour

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ACA Employer Reporting | Obamacare About to Become More Affordable For Many People

(CNN)It will likely cost a little less to buy the benchmark Obamacare plan next year. The rate could drop for the first time since the Affordable Care Act exchanges opened in 2014.

The premium for the benchmark silver policy on the federal exchange is expected to decline by 2% for 2019, Health Secretary Alex Azar said Thursday.

The predicted decline for next year comes after a 37% spike for this year’s benchmark silver plan, upon which premium subsidies are based.

The number of insurers on the federal exchange also will grow for the first time since 2015, Azar said. Over the past two years, 44% of carriers have dropped out of the program.

The Centers for Medicare & Medicaid Services, which administers Obamacare, typically releases a more detailed look at the upcoming year’s premiums and insurer participation in late October. Open enrollment begins November 1 and runs through December 15 in most states.

Read more at CNN

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