Health Insurance Premium Rates Remain Steady In Lead Up To ACA Implementation

Health insurance premiums have remained steady in the lead up to the implementation of the Patient Protection and Affordable Care Act (ACA), according to recent research from health plan comparison provider HealthPocket, Inc. Between February 1 and May 1, 2013, health insurance premiums increased by an average of 1.2 percent per plan, the company noted. States where plan premiums increased 5 percent or more over this period include Wyoming (7.8 percent), Illinois (7.7 percent), Wisconsin (5.4 percent), and Delaware (5.0 percent).

“There is a lot of speculation about what will happen to premiums when the new ACA health plans come out this October,” said Bruce Telkamp , chief executive officer of HealthPocket. The ACA’s health insurance marketplaces are due to start enrolling individuals in October 2013.

HealthPocket noted that lower premium increases are likely due to an environment of low overall inflation.

The results of the study were based on information from the Department of Health and Human Services for individual and family health insurance plan markets as reported and verified by the individual insurance carriers. For more information, visit http://www.healthpocket.com.

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