Obamacare Led to Increased Competition

USA Today: “Competition among insurers offering plans on the federal health care exchange rose between last year and this year, tamping down growth in premiums, says a federal report released Thursday.”

“The report says 86% of people eligible for qualified health plans on HealthCare.gov had access to at least three insurers this year, up from 70% in 2014. Nearly 60% of U.S. counties saw a net gain of at least one insurer, 8% saw a loss, and 33% saw their numbers unchanged, the report says.”

“Competition affected how much people paid for their plans, the report says, with premium growth between 2014 and 2015 for benchmark (second-lowest cost) silver plans 8.4 percentage points lower in counties that gained insurers than in other counties. In fact, a net gain of one insurer was associated with a 2.8 percentage point drop in the rate of benchmark premium growth.”

“The average growth rate in the benchmark premium was 2%, the report says.”

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  • CA_Guy

    Damn that socialist Barack Obama!

  • S1AMER

    So how do we communicate this latest bit of good news to all those lower-income, less-educated Republicans who need insurance coverage but are still refusing to buy “Obamacare?”

    • drzaius

      They wouldn’t believe it anyway.

    • sglick

      Tell them Rand Paul, Ted Cruz. Dr. Carson and Sarah Palin came up with a way to universally insure Americans and secretly had it passed into law…you heard about it in an email from WND and Newsmax about the ‘secret healthcare law’ Obama doesn’t want you to know about…

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