Premiums for the most popular health plans sold under the Affordable Care Act will drop again in 2020, as the law shows further signs of stabilizing
By Stephanie Armour Oct. 22, 2019 9:00 am ET Premiums for the most popular health plans sold under the Affordable Care Act will drop for the second consecutive year, the Trump administration said Tuesday, as the law enters its 10th year and shows increasing signs of stabilizing.
Premiums climbed rapidly in the law’s early years, with benchmark rates rising 37% between 2017 and 2018, in part because insurers initially underpriced plans and lost money when people were sicker than expected. The drop in rates for 2020 could boost sign-ups when open enrollment for ACA plans begins Nov. 1—and could also have political ramifications for the law’s opponents and supporters.
“A second year of declining premiums and expanding choice is proof that our actions to promote more stability are working,” said Seema Verma, administrator for the Centers for Medicare and Medicaid Services. The health law has been controversial from the start, and lawmakers have seized on enrollment statistics and premium changes to buttress claims that it is either working or imploding.
But administration actions have also been cheered by some insurers, employers and states, including its approval of waivers under the ACA that let states lower premiums through reinsurance programs. Reinsurance provides money to insurers who cover people with expensive health conditions so the costs aren’t passed on in the form of higher rates for other consumers.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Klobuchar touts advantages of public option built on ACASenator Amy Klobuchar, 2020 Democratic candidate for president, talks with Rachel Maddow about her support for a public option health care plan, and the level of respect among her Democratic colleagues as they debate their respective ideas.
Consulte Mais informação »
Obamacare premiums are dropping 4% for 2020 plansThe Affordable Care Act is looking stronger for 2020 -- and the Trump administration is claiming credit for it, even as officials try to upend the landmark health reform law.
Consulte Mais informação »
Premiums for popular Obamacare plans to drop 4 percent
Consulte Mais informação »
Elizabeth Warren to release long-sought-after plan to fund Medicare for AllDemocratic presidential hopeful Sen. Elizabeth Warren says she will put out a plan in the next few weeks that details how she intends to pay for Medicare for All.
Consulte Mais informação »
Deal-making in Asia is set to slow until 2020 amid trade tensions and recession fearsMergers and acquisitions activity in Asia Pacific could decline by 18% in 2019 to $634 billion, amid global uncertainties, a joint report by Baker McKenzie and Oxford Economics predicts.
Consulte Mais informação »
The Weather Channel Sets ‘2020: Race To Save The Planet’ Conversations With Presidential CandidatesA hot air mass will be moving in to the Weather Channel, as the network plans a primetime special featuring conversations with presidential candidates from the Republican and Democratic parties abo…
Consulte Mais informação »