November 22, 2019
A new analysis
by AAF’s Jonathan Keisling and Andrew Strohman of 2020 premiums on the
Affordable Care Act’s exchanges examined the effect of changes in the number of
firms offering Bronze-level plans within rating areas to the premium for the
lowest-cost Bronze plan. The chart below illustrates that as the number of
insurers increased (i.e. competition increases), premiums dropped. For those
areas where there are fewer firms (less competition), premiums increased by an
average of 4 percent. Where the number of firms went unchanged, the average
premium decreased by about 1 percent. Overall, rating areas with more firms in
2020 compared to 2019 demonstrated an average premium decrease of 6 percent.
https://www.americanactionforum.org/weekly-checkup/the-pitfalls-of-expanding-coverage-options/#ixzz66JItB5pA
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