President Donald J. Trump’s Policies are Helping to Achieve Greater Choice and Lower Health Insurance Premiums
LOWERING HEALTHCARE PREMIUMS: Americans will see lower average individual market premiums on the Federal health insurance exchange in 2019.
*
* Today, the
- This marks the only average premium decline since Obamacare took effect in 2014.
- Many States will see rates drop more substantially, including a 26 percent drop in
- The change in rates in most States represents a dramatic departure from the double-digit premium increases Americans experienced in recent years.
* Americans will see greater insurer participation in 2019 compared to previous years.
- There will be 23 new insurers in 2019 and 29 insurers are expanding their service area.
- The share of counties on the Federal exchange with only one insurer will drop from 56 percent in 2018 to 39 percent in 2019.
- Only four States will have only one insurer in 2019, compared to ten in 2018.
EXPANDING OPTIONS AND DROPPING PRICES:
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- Short-term, limited-duration plans are not subject to burdensome Obamacare rules and are projected to be 50 to 80 percent more affordable than Obamacare plans.
- Through expanded Association Health Plans,
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- As a result, 15 drug manufacturers have already announced price freezes, reductions, and rollbacks.
IMPROVING INSURANCE MARKETS: President
* Since taking office,
- In 2017,
* Premium reductions on Federal exchanges and increased insurer participation are encouraging signs after years of rising premiums and limited choices.
- Before the President took office, the average individual market premiums more than doubled, from
* Obamacare left millions with no affordable choices as it severely restricted the short-term, limited-duration market and left more than half of all counties with only one insurer.
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