Obamacare Premiums Likely to Rise 10 Percent in 2020: Actuary

Premiums for Obamacare plans are likely to go up an average of 10 percent in 2020, an actuary helping several states review rates said.

“The increase this year is going to be a combination of trend [in medical cost inflation] plus the health insurer fee,” David Dillon, senior vice president and principal of actuarial consulting firm Lewis & Ellis Inc. of Allen, Texas, said in an interview. According to the Department of Health and Human Services, average monthly premiums in 2019 for plans bought through the federal HealthCare.gov exchange before Affordable Care Act subsidies are taken into account is $612, ...