Average premiums for the most common “silver” level insurance plan sold under ObamaCare will fall 1.5 percent in 2019, according to the Trump administration, the first time rates have fallen since the law took effect.
In contrast, average premiums for the same mid-level plans increased by 37 percent between 2017 and 2018 and by 25 percent between 2016 and 2017.
The premium decreases are a sign that the insurance marketplace is stabilizing after two years of massive premium spikes, and the Trump administration is taking credit for it.
The article goes on to state the following:
The decrease only applies to silver plans, and experts note that across all plans, average premiums will slightly increase. Open enrollment begins Nov. 15.
Average rates for popular health plans sold under the Affordable Care Act will fall 1.5% next year https://t.co/e4mAJlrQdd
— The Wall Street Journal (@WSJ) October 11, 2018
Key Obamacare rates to drop slightly in 2019 https://t.co/HgHG6LoGse
— The Washington Times (@WashTimes) October 11, 2018
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