April 25, 2018

Review Category : People

Obamacare benchmark premiums up 37 percent in 2018 after subsidy cut-off

Obamacare benchmark premiums up 37 percent in 2018 after subsidy cut-offBy Michael Erman NEW YORK (Reuters) - The average monthly premium for benchmark Obamacare insurance plans will surge around 37 percent in 2018, the U.S. Department of Health and Human Services said on Monday, fueled by the Trump administration's suspension of billions of dollars in subsidy payments to health insurers. The average monthly premium for the second-lowest cost "silver" plan for a 27-year-old will rise to $411 a month in 2018 from $300 a month this year, before tax credits are applied. Federal tax credits that help individuals buy coverage will also rise sharply, according to a report from the health department's Office of the Assistant Secretary for Planning and Evaluation.


Read More →