Louisiana Obamacare premiums will drop next year

The average premium for benchmark silver plans on Obamacare exchanges will fall by 1.5 percent next year, the Trump administration said Thursday.

Health insurance premiums for Healthcare.gov plans will drop 5.1% in Louisiana for the most commonly purchased plan next year, according to new data from the Centers for Medicare & Medicaid Services.

It also comes during a bitter midterm congressional campaign season in which health care is a central issue following last year's efforts by Republicans to repeal the ACA.

Eight states will experience premium decreases of 10 to 20 percent for the lowest cost silver-tier plan, according to CMS estimates.

A handful of other states, such as New Hampshire and Pennsylvania, will also see double-digit drops. Those silver plans are used by the ACA to set subsidies.

Charles Gaba, a Michigan-based blogger who tracks ACA sign-ups, noted that the numbers released by the administration were just one snapshot of the marketplace.

On the call with reporters, Verma also touted the administration's expansion of short-term, limited duration health insurance plans from under three months to up to three years.

But some states will see another round of increases.

Trump's focus on short-term plans is likely to sway consumers away from coverage they need, said Arizona Health Care Voters spokesman Rodd McLeod. The year before, rates had risen 24.4 percent and 28.9 percent respectively. Reinsurance plans help insurers pay for the biggest claims or the sickest patients, helping them bring down rates for their other customers.

Analysts have credited the slim premium increases insurers have announced so far this year as a correction to excessive 2018 rate hikes.

Sound mixer falls to death on set of new Tom Hanks movie
Hanks was on the set on the night of October 11 in Mount Lebanon, Pennsylvania, when Emswiller fell, according to the TMZ report . Police said shooting of the movie, provisionally titled " You Are my Friend ", was halted while they investigated the fatal fall.

Some experts fear that other actions the Trump administration took will hurt the market in the long run. Still, the moderating prices for the most popular coverage will be helpful, in particular, to middle-class Americans - about 1 in 5 ACA customers - whose incomes place them above the threshold for the law's insurance subsidies. In the coming days, CMS will be announcing more initiatives to help states, including more options for states to use 1332 waivers to improve their health insurance markets, Verma said.

Verma dismissed the idea that President Donald Trump's cut-off previous year of the cost-sharing reduction payments hurt the market, although the action was followed by a almost 40% jump in average premiums as insurers added the cost to benchmark silver plans in a move known as "silver loading". She said that caused carriers to drop rates on the exchange to be more competitive. "It's very logical that this happens when you have a new marketplace - a new store, you might say, with new products".

Despite the drop in prices, Verma said, premiums are still high.

"However, this is by no means a celebration", she added. Wisconsin, which had its 1332 waiver approved earlier this year, will see a drop in averages from $464 in 2018 to $440 for 2019. She replied, "We heard a lot of predictions that didn't turn out to be true".

"Individual market insurers are now so profitable that it would be hard for many companies to justify a rate increase", said Cynthia Cox, an insurance expert at the Kaiser Family Foundation.

In fact, according to the Kaiser Family Foundation, insurance company profits are higher than they were before Obamacare.

Cox said some efforts by the Trump administration have made the marketplace more attractive to insurers, such as cutting in half the open-enrollment period and approving some states' reinsurance plans. For example, average premiums are dropping 26 percent in Tennessee but rising 16 percent in Delaware.

Nationally, premiums are expected to drop an average of 1.5 percent, the report said. "I've gotten at least a call a day from some health care enrollment center that sounds like it might be part of the exchanges but is not", Fish-Parcham said.

"While some have publicly been accusing us of sabotage, the reality is that we have been working hard to do everything we can to mitigate the damage caused by Obamacare", she added.

Related News:



Most liked

Meghan Markle's Sister Reportedly Showed Up To Kensington Palace Uninvited
Samantha, Meghan's half sister from her father's first marriage, has previously called the royal "cold" and fake. Samantha, 53, was pictured outside the gates of the palace in London after travelling from the United States.

Nebraskans travel to Florida, help those affected by Hurricane Michael
Social media websites were crowded with messages from those trying to reach missing families in Florida's Bay and Gulf Counties. Rescuers from the Federal Emergency Management Agency (FEMA) used dogs, drones and Global Positioning System in the search.

Knicks Waive And Stretch Joakim Noah
The No. 9 overall pick by the Bulls in 2007, Noah averaged 8.9 points and 9.3 rebounds per game in his 11-year career. The former Defensive Player of the Year was still owed $38 million over the next two seasons.

Michael Bublé Is Retiring From Music After One More Album
Noah , now aged five, is free of cancer and Michael has since returned to music - but his new album, Love , could be his last. It hurts me, and it hurts to talk about Noah because it's not my story to tell, it's his. "My whole being's changed".

Chalobah unused substitute as Sancho makes England debut in Croatia draw
The England captain has scored seven goals in just nine appearances against the Hammers in his career. "I don't think my game has dipped".

Giants Will Keep Starting Eli Manning Despite Struggles
Manning has completed a career-high 68.7% of passing attempts this season, throwing six touchdowns and four interceptions. Beckham was completely shut down in the game, as he was held to only two catches for 12 yards in the first half.

Kentucky Lottery giving away free Mega Millions tickets in Lexington
Mega Millions tickets cost $2 per play and there are a total of nine ways to win a prize, ranging from the jackpot down to $2. The $548 million prize in Friday's drawing refers to the annuity option, which is awarded in 30 payouts.

Pik Botha: Key figure in South Africa's apartheid dies
In April 1977, he was appointed minister of foreign affairs and represented the constituency of Westdene in Johannesburg. Mr Botha's son, Piet, confirmed to South African media that his father had died during the night.

Billy Joe Saunders Vacates WBO Middleweight Crown
Frank Warren, Saunders' promoter, revealed earlier Thursday that Saunders will appeal the MA commission's decision all the way to the U.S.

President Trump's ex-lawyer Michael Cohen returns to Democratic Party
He added: 'Democrats want to abolish America's borders and allow drugs and gangs to pour into our country'. Trump attacked Casey for opposing Kavanaugh's nomination, saying he had "joined the left-wing mob".

Pope OKs resignation of Cardinal Wuerl amid cover-up scandal
For his part, Bishop Wuerl was sent back to his native Pittsburgh, where he was installed as the diocesan bishop in March 1988. He said he acted with "diligence with concern for the victims and to prevent future acts of abuse".

United States hurricane leaves homes unmoored, power lines damaged
He hadn't seen them in the two days since the storm passed, and hadn't been able to gain access to their apartment. WMBB's General Manager Terry Cole said his staff worked and slept at a church next door Wednesday into Thursday.

DUP leader prefers no Brexit deal to European Union 'annexation' of Northern Ireland
Blasting the proposed deal, she said: "Trade from Great Britain into Northern Ireland would be in danger of restriction". In an article in today's Belfast Telegraph, Mrs Foster said the prospect of a bad deal was worse than a no-deal Brexit.

England ODI washed out after just 15 overs
Even a lack of practice , thanks to Sri Lanka's monsoon season, is unlikely to have anyone thinking they aren't favourites. Now then, lads, who is going to win the race down? If Liam was here today he would have played the very same role.

Hurricane Michael's death count rises after Virginia reports several fatalities
Michael's powerful winds and surging seas knocked row after row of Mexico Beach beachfront homes from their foundations. The 17 victims comprised eight from Florida, five in Virginia, three in North Carolina, and a child in Georgia.