New report shows premium affordability, competition and choice in the Marketplace in 2013-2014

New report shows premium affordability, competition and choice in the Marketplace in 2013-2014

New report shows premium affordability, competition and choice in the Marketplace in 2013-2014

Shoppers paid an average of $69 per month after tax credits for silver plans and had, on average, a choice of five health insurers and 47 plans

A new report released today by the Department of Health and Human Services (HHS) finds that people who selected silver plans, the most popular plan type in the federal Marketplace, with tax credits paid an average premium of $69 per month. In the federal Marketplace, 69 percent of enrollees who selected Marketplace plans with tax credits had premiums of $100 a month or less, and 46 percent of $50 a month or less after tax credits.  Today’s report also looks at competition and choice nationwide among health insurance plans in 2013-2014, and finds that most individuals shopping in the Marketplace had a wide range of health plans from which to choose. On average, consumers could choose from five health insurers and 47 Marketplace plans. An increase of one issuer in a rating area is associated with 4 percent decline in the second-lowest cost silver plan premium, on average.

Read more about today's announcement. 

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