Many Obamacare Premium Holders Must Switch Plans or Pay Substantially More in 2015

We’ve been hearing about increased premium costs for people who enrolled in Obamacare through Affordable Care Act’s insurance exchanges. Many of the early reports were driven by assumptions of various events taking place. Now we are starting to see analytical evidence to back up the earlier claims.

Avalere Health researchers investigated the premium rates in 9 states and found that in many cases the policyholders will be faced with changing plans at the upcoming open enrollment or face significant increases in the cost of their premiums. The states they looked at were Connecticut, Indiana, Maine, Maryland, Oregon, Rhode Island, Vermont, Virginia and Washington.

In each state, they looked at the benchmark plans for 2014 and 2015. Currently, the benchmark plans are the second lowest-cost silver plans which receive federal subsidies. The benchmark plans designated for federal subsidies can change from year to year which will determine premium costs.

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