KANSAS CITY, Mo. — On Wednesday morning, The U.S. Department of Health and Human Services released a report on premiums and plans available in the new Health Insurance Marketplace, emphasizing the increased competition in the new marketplace.
The HHS report finds that the average premium nationally for the second-lowest cost silver plan will be $328 before tax credits.
The report also gives an example of a 27-year-old, living in St. Louis and making $25,000 a year. That person should be able to receive the lowest-cost bronze plan for $74 a month. To read the report, click here.
Several states have already released the new health insurance rates for their residents that will be available in the Affordable Care Act Marketplace.
There are differing opinions about how much more or less customers will have to pay, and the answer is different depending on where the insured lives.
Researchers with the Manhattan Institute for Research Policy, a conservative think-tank, found that insurance premiums will rise by an average of 24 per cent.
That’s based on 13 states and the District of Columbia, which have already released health insurance costs.
In South Dakota, rates for men and women went up significantly. The group found it went up between 74 per cent and 147 per cent, depnding on the age of the man.
In Colorado, rates were going down on average of 35 per cent for all age groups, according to the Manhattan Institute for Research Policy.
Their research found younger men and older women will be hardest hit and pay the most in premiums.
Rates from Kansas and Missouri are not yet available.
Meanwhile, Sen. Ted Cruz made it through all of Tuesday evening, overnight and well into the morning on Wednesday. Cruz is carrying on his anti-Obamacare effort on the Senate floor. Click here for that story.