Silver plan premiums up 34%, study finds

Premiums for silver plans, the most popular type of coverage on ACA exchanges, have increased by an average of 34 percent in 2018, according to analysis by Avalere.

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Avalere analysts reviewed premium rates from past years on Healthcare.gov to reach their conclusions.

Rate hikes vary by state, with Iowa silver premiums rising by 69 percent and premiums in Alaska dropping 22 percent. Instability regarding the ACA is mostly to blame for the inflated premiums, the analysis reads.

“Plans are raising premiums in 2018 to account for market uncertainty and the federal government’s failure to pay for cost-sharing reductions,” said Caroline Pearson, senior vice president at Avalere. “These premium increases may allow insurers to remain in the market and enrollees in all regions to have access to coverage.” 

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