Obamacare premiums to drop in Louisiana in 2019 after years of rate hikes
The filings are an abrupt turnaround for the individual exchange, created under the ACA--commonly known as Obamacare--to offer insurance to people who don't receive it through their jobs or other means.
"I'm not yet ready to say the wolf is away from the door," said Louisiana Insurance Commissioner
More than 100,000 Louisianians get insurance through the individual exchange, and the majority receive federal subsidies to offset the costs. A smaller group not covered by subsidies feel the full weight of premium changes.
Donelon pointed to the fact that both
Still, the drop is only a small dent in the double-digit premium hikes that have driven up costs dramatically in recent years.
Rates unveiled Wednesday by the
The drop in 2019 rates comes after
"
"The market has started to stabilize after a couple years of heavy increases," Vantage spokesman
Vantage covers more than 10,000 people in the individual exchange.
Before
"
"The market has kind of settled down a bit," she said.
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