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Inflation and higher health spending helped drive monthly premiums for Affordable Care Act coverage up an average of 3.4% between 2022 and 2023, reversing a trend of recent declines, according to a new report from the Urban Institute and the Robert Wood Johnson Foundation, Axios reports. The average silver plan benchmark premium increased from $438 to $453 in the last year for a 40-year-old nonsmoker. Markets with a single insurer had premiums that were $128 more than in markets with five or more insurers.
1. Ford sues BCBS Association alleging price fixing that drove up costs
2. Benefytt Technologies files for bankruptcy after paying fraud settlements
3. More than 60% of retirees would like a do-over on retirement planning: Survey
4. UnitedHealth revises controversial prior authorization plan for colonoscopies
5. Cyber attack on dental insurance plan compromises nearly 9 million individuals
6. Retirees sue city officials over switch to Medicare Advantage plan