Making Sense Of Premium Rates In Insurance Marketplaces
One of the biggest questions around the Affordable Care Act’s upcoming coverage expansions is whether the new state-based insurance marketplaces will result in higher or lower premiums for consumers than the options now available to them. Critics of the health law have speculated that the law’s new requirements on insurance products will lead to skyrocketing premiums, while supporters have argued that greater transparency and competition among insurers will lead to big savings for consumers.
This Monday on C-SPAN’s Washington Journal, Kaiser Health News reporter Phil Galewitz discussed the issue of health insurance rates in the state-based insurance exchanges. Galewitz explains the ACA’s requirements for qualified health plans sold in the exchanges and offers an analysis of preliminary data from states where participating insurers and their rates have already been announced. Watch the video online. To learn more about which states have announced their rates, click here.