Big Obamacare News: Premiums Falling in Seven Big Cities

By Joan McCarter, Daily Kos–   Remember “rate shock” and the dire warnings from Republicans about how Obamacare would cause premiums to skyrocket? Not happening in 2015. At least not in seven large cities around the country. Kaiser Family Foundation analyzed announced premium increases in 15 states scattered across the country, and found that the highest premium increase—in Nashville, Tennessee—will be 8.7 percent, lower than the average double-digit increases historically seen. And in Denver, premiums will drop by 15.6 percent. “There is variation, but so far, premium increases in year two of the Affordable Care Act are generally modest,” said Drew Altman, Kaiser’s President and CEO. “Double digit premium increases in this market were not uncommon in the past,” Altman added. At least two insurers will offer coverage through the marketplaces in the major city in each of the 15 states studied and D.C. Most areas will have five or...

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