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Wednesday, September 5, 2018

Analysts predict the market will stabilize premiums health 2019 coverage

Consumers who purchase insurance through the market of affordable care act may be surprised this fall as the average forecast premiums will rise much less in the last few years.

The price policy of 2019 are sold on exchanges ACA will increase less than 4 percent, according to an analysis of early filing of insurance across 50 countries by ACASignups.net, a website, and a blog run by analysts Charles Gaba song the ACA the registration and participation of insurance companies.

Their insurance and expand their offerings.

 "The news about the market this year is very good, both in terms of increasing the level of participation and the premium carrier, " says Katherine Hempstead, senior advisor policy at the Robert Wood Johnson Foundation. (Foundation supports health care coverage on NPR.)

He said overall premiums increased at about the same level as medical inflation. That rise is simple for insurance is a big change from the past few years when prices rose in the double digits.

For example, the cost of the policy, which was intended to cover about 60 percent of a person's health costs, up 17 percent from 2017 to 2018. And the cost of the more popular, and more generous plan, silver rose 32 percent in the same span of time.

"We're seeing that kind of double-digit increases that occur in a handful of countries, but they are definitely the exception, " said Hempstead.

For example, the price premium in Kentucky and Connecticut both were estimated to rise an average of 12 percent, according to ACASignups.net.

Some countries, we actually see premiums will drop,  "in you" he said.

In New Hampshire, the price is expected to fall about 13 percent, and in Tennessee, they could fell 11 percent, according to the analysis.

The insurance company is also expanding into new markets, said Hempstead, which has been tracking what the company plans to offer policies in different countries.
In Pennsylvania, four companies-Geisinger, UPMC, Capital Blue Cross and Highmark-expand the scope of their tracks.

Health insurer Starter Oscar, who went into the insurance business specifically to serve the market, expanding to ACA Florida, Michigan and Arizona.

Wellmark insurance, which left markets ACA in Iowa last year, again.

Hempstead says offerings increased signs that the market is maturing.

 "After very ... tortured birth and childhood, a kind of seems like the market in some way in a place that is very stable now, " said.

He said insurance companies have found a way to make a profit from the policies they sell at ACA.

But the news could be better, Gaba says.

Premiums will actually fall next year but for the actions of the Administration and Republicans Trump in Congress weakened the legal market itself and ACA, Gaba says.

Such action included getting rid of the tax penalty for those who do not buy health insurance, refused to return the money to insurance discounts they are required by law to offer to low-income customers, and encourage insurers to sell stripped-down, short-term insurance. The removal will drain of young people's health from the ACA.

 "The reality is that if you don't have those factors if you do not have an expansion plan in the short term, and especially the mandate penalty repeal for next year, the average premium will most likely be dropped either 4 or 5 percent,  "said.

GABA says some countries have managed to lower their premiums by adding the State level individual mandate requiring people to buy health insurance or reinsurance programs that limit the number of high prices medical care is an insurance company will have to pay for.

If the premiums go up or down, consumers who qualify for subsidies will likely pay about the same for their insurance next year because they are paying now. Subsidies are available to people who earn less than 400 percent of the federal poverty level, which is $24.600 for a family of four this year.
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