Premiums in the individual health care market, on average, are lower than average employer-sponsored insurance premiums in 2016, according to a new analysis by the Urban Institute. The report offers perspective on the possibility of double-digit premium increases on Affordable Care Act exchanges next year.
The analysis found that nationally, the average second-lowest silver plan premium on an Obamacare exchange is 10 percent lower than the average employer-sponsored premium. The researchers made adjustments for actuarial value, or the percent of costs covered by the insurer, as well as utilization and age distribution.
Read Full Article »