Download
HTML Embed
HTML EMBED
Click to Copy

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Make Me Smart with Kai and Molly
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report

Here’s why Obamacare premiums are going down for the first time

Oct 12, 2018
Share Now on:
HTML EMBED:
COPY
John Moore/Getty Images

For the first time since the Affordable Care Act became law in 2010, premiums are going down for most policies sold in the federally run exchanges. 

One reason 2019 premiums will be 1.5 percent lower? It has to do with how high they were in 2018. They increased by an average of 36.9 percent for 2018, said Larry Levitt, senior vice president of the Kaiser Family Foundation. 

“These premium decreases are really about returning excess profits,” he said. 

Insurers raised premiums so much a year ago because they were nervous about the prospects for the health insurance marketplace.

“There was a repeal-and-replace debate going on. President Trump was out there talking about the law collapsing,” Levitt said. Congress and the president ended certain subsidies for low-income Americans. To prepare for that, and for just general chaos, insurers raised rates. But then things turned out to be not as terrible as insurance companies thought.

For starters, Republicans failed to fully repeal Obamacare.

“Many insurers may feel like they’ve weathered the storm a little bit,” said Sabrina Corlette, research professor at Georgetown University. Corlette said Congress is probably not going to try to destroy Obamacare again. And she said as some federal subsidies ended, other federal assistance programs kicked in.

“So what we saw was enrollment stayed remarkably stable this year,” she said.

In fact, according to the Kaiser Family Foundation, insurance company profits are higher than they were before Obamacare. And now some insurers are returning to markets they’d abandoned.

Two pairs are better than one!

For a limited time, you can get BOTH new Marketplace Sock designs for only $5/month.

Don’t wait – this special offer ends soon!