Benchmark premiums projected to decrease by 1.5% in 2019
WASHINGTON, DC (October 12, 2018): The Council for Affordable Health Coverage (CAHC) – a coalition of employers, insurers, life science companies, PBMs, brokers, agents, patient groups, and physician organizations – applauded the Trump administration's announcement this week that benchmark premiums for the 2019 coverage year will drop by 1.5 percent as more insurers will enter the marketplace.
CAHC President Joel White released the following statement:
“CAHC is heartened by the news of next year’s projected premium drop, particularly after years of repeated premium increases that have made the Affordable Care Act unaffordable for too many consumers," said CAHC President Joel White. "While this is a welcome development, we also know there are steps Congress and the administration could take right now to continue this downward trend. This includes enhancing state flexibility under the ACA's Section 1332 waiver program, repealing burdensome taxes - like the Health Insurance Tax - that directly impact premiums, allowing consumers to vote with their feet by making premium subsidies portable, and ending the public exchange monopoly by supporting private enrollment tools. We look forward to our continued work with the administration and lawmakers on both sides of the aisle to advance these goals."
About the Council for Affordable Health Coverage
The Council for Affordable Health Coverage (CAHC) is a broad-based alliance with a primary focus: bringing down the cost of health care for all Americans. CAHC promotes policies that lower health costs through increased competition, informed consumers and more choices. Learn more at CAHC.net.