ACA Rates Drop for Second Year in a Row
The Trump administration says premiums for the most common type of health insurance sold through the Affordable Care Act’s (ACA) federal marketplace will drop by an average of four percent for 2020, marking the second consecutive year of lower monthly premiums. CMS said 2020 rates are going down in 27 of the 39 states it studied. Further, only 12 percent of ACA customers live in counties that will have only one insurer in the marketplace next year, down from nearly 30 percent in 2018. More than two-thirds will have a choice of at least three companies. However, despite these improvements, an impending court decision on the ACA’s constitutionality still looms.