Welcome
Health Law & Business News

Public Option Experiment Faces Obstacle as Premiums Don’t Drop

Aug. 10, 2020, 10:55 AM

Washington state’s pioneering experiment with so-called public option health insurance plans isn’t yielding a predicted drop in premiums.

Unfavorable Comparison: Five insurers in the state are offering 15 plans based on Medicare rates. But their average proposed public option premium for 2021 is 5% higher than 2020 average Obamacare premiums, the Washington Health Benefit Exchange’s policy director says.

Growing Pains: Other states weighing public option plans are monitoring Washington’s setback in its effort to curb health-care costs. But the situation is similar to what Washington experienced in its first year of overseeing an Obamacare marketplace in 2014, when insurers were...

To read the full article log in. To learn more about a subscription click here.