Amidst the uncertainty of the direction that health insurance will go these days, health insurance premiums are only expected to increase slightly in some states. The Trump Administration has been acting to radically change the Affordable Care Act and thus creating uncertainty and risk for health insurance carriers in the marketplace.
The proposed health insurance premiums in the following states are expected to increase by less than 9 percent by 2019: California, Colorado, Delaware, Florida, Indiana, Nevada, Ohio and Pennsylvania. This has caused insurance carriers to enter markets instead of pulling out of the marketplace.
In contrast, these states will expect a decrease in health insurance premiums: Atlanta, Baltimore, Denver, New York and Washington D.C.
To compare the change in 2019 health insurance premiums to last year’s premiums for mid-priced plans, these plans saw an increase of about 37 percent.
The premiums for 2019 had increased in response to the uncertainty of the future of the Affordable Care Act. Although rates will increase, insurance carriers do understand that the marketplace has improved much since 2014 and they also have a better understanding of the consumers they will be covering.
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