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Obamacare Benchmark Premium Falls for Third Straight Year

May 24, 2021, 7:10 PM

The national average benchmark premium for Affordable Care Act marketplace health coverage has fallen for the third straight year, according to new research from the Urban Institute.

Increased insurer competition, state reinsurance policies, and expanded Medicaid coverage appear to be fueling the declines, even as premiums for job-based coverage have risen. Average premiums fell in 43 states, while only one state saw an increase higher than 6%, the report found.

“It’s unclear what effect the pandemic and ensuing economic disruption have had on the Marketplace, but neither enrollment nor premiums have increased significantly as a result,” the report said.

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