MOSCOW, September 5 (RIA Novosti) - Obamacare health insurance premiums are expected to decrease on average by 0.8 percent, the Henry J. Kaiser Family Foundation announced in a brief Friday.
“Across the 15 cities we examined, the premium for the second-lowest cost silver plan in the marketplaces – before taking any income-related tax credits into account – is decreasing by an average of 0.8 percent,” the brief said.
The brief presents an initial analysis of premium changes for individual insurance plans, the lowest-cost bronze plan and the two lowest-cost silver plans, in 15 states plus the District of Columbia.
The Affordable Care Act’s (ACA) health insurance exchanges have largely fulfilled expectations in 2014. The new findings show that in general, the premiums to enroll in the second-lowest cost plan in 2015 will be less than the cost for 2014.
In general, premium changes for 2015 are modest, but the Kaiser Family Foundation said their “analysis is based on less than one-third of states, and the overall picture could change as more premium data becomes available.”
Obamacare, officially called the Patient Protection and Affordable Care Act, was signed into law by US President Barack Obama in 2010 to provide millions of uninsured US citizens with health insurance. The program is aimed at increasing the quality and affordability of insurance coverage and to reduce the cost of healthcare.
