HHS: Average Health Insurance Premiums Doubled Since 2013
Washington, D.C. – The Department of Health and Human Services (HHS) released a new analysis today that shows premiums have doubled for individual health insurance plans since 2013, the year before many of Obamacare’s regulations and mandates took effect. The analysis is based on data compiled by the previous Administration, and the report was produced by the Office of The Assistant Secretary for Planning and Evaluation (ASPE).
“With data that shows average premiums doubling nationwide and Americans paying nearly $3,000 more for health insurance per year, this report is a sobering reminder of why reforming our healthcare system remains a top priority of the Trump Administration. The status quo is unsustainable.” – HHS National Spokesperson, Alleigh Marré
According to the report:
Average individual market premiums more than doubled from $2,784 per year in 2013 to $5,712 on Healthcare.gov in 2017 – an increase of $2,928 or 105%.
All 39 states using Healthcare.gov experienced an increase in individual market premiums from 2013 – 2017.
62% of states using Healthcare.gov had 2017 premiums double what was measured in 2013.
Three states – Alaska, Alabama, and Oklahoma – saw premiums triple from 2013-2017.Please see the linked report for more detailed information and methodology.
A.M. Best Revises Outlooks to Stable for Unified Life Insurance Company
Seniors to Participate in Local Health Events throughout California on National Senior Health & Fitness Day®
Advisor News
- House panel votes to raise certain taxes, transfer money to offset Medicaid shortfall
- OBBBA opens the door for advanced wealth transfer strategies
- Health insurance premium tax bill advancing
- The Medi-Cal money pit
- The untapped potential of Qualified Longevity Annuity Contracts
More Advisor NewsAnnuity News
- Lincoln Financial launches two new FIAs
- Great-West Life & Annuity Insurance Company trademark request filed
- The forces shaping life and annuities in 2026
- Variable annuity sales surge as market confidence remains high, Wink finds
- New Allianz Life Annuity Offers Added Flexibility in Income Benefits
More Annuity NewsHealth/Employee Benefits News
- Insurance firms warn against bill
- House panel votes to raise certain taxes, transfer money to offset Medicaid shortfall
- Sheriff McCoy: Health insurance dispute creating unnecessary turmoil' for Reynolds County deputies
- RURAL MISSOURIANS MORE LIKELY TO LACK HEALTH INSURANCE THAN URBAN RESIDENTS
- HEALTH INSURANCE MARKETPLACE CALCULATOR
More Health/Employee Benefits NewsLife Insurance News
- Ethics and IUL: Tax-advantaged strategies for client success
- SWBC’s Joan Cleveland Appointed to the Texas Life and Health Insurance Guaranty Association Board of Directors
- Indexed life sales hit big despite lawsuits, market headwinds, Wink finds
- Are the biggest life insurance opportunities hiding during tax season?
- Hulse, Murray
More Life Insurance News