Health insurance marketplace premiums after shopping, switching, and premium tax credits, 2015-2016

Health insurance marketplace premiums after shopping, switching, and premium tax credits, 2015-2016

Series Title(s):
ASPE issue brief
Contributor(s):
United States. Department of Health and Human Services. Office of the Assistant Secretary for Planning and Evaluation. Office of Health Policy, issuing body.
Publication:
[Washington, D.C.] : Department of Health and Human Services, Office of the Assistant Secretary for Planning and Evaluation, April 12, 2016
Language(s):
English
Format:
Text
Subject(s):
Health Insurance Exchanges -- economics
Insurance Coverage -- economics
Income Tax
Health Care Costs
United States
United States.
Genre(s):
Statistics
Abstract:
Initial issuer rate filings do not provide sufficient information to predict what premiums Marketplace consumers will actually pay next year because they do not account for rate review, consumer shopping behavior, or tax credits. For plan year 2016, early estimates based on rate filings alone suggested higher premium increases than what Marketplace consumers paid; Two-thirds (67 percent) of HealthCare.gov consumers selected a new plan in 2016: all new consumers, plus 43 percent of returning consumers. Taking into account shopping, the increase in the average premium was 8 percent between 2015 and 2016; and among the roughly 85 percent of HealthCare.gov consumers with premium tax credits, the average monthly net premium increased just $4, or 4 percent, from 2015 to 2016.
Copyright:
The National Library of Medicine believes this item to be in the public domain. (More information)
Extent:
1 online resource (1 PDF file (12 pages))
Illustrations:
Illustrations
NLM Unique ID:
101704392 (See catalog record)
Permanent Link:
http://resource.nlm.nih.gov/101704392