ACA plans are “projected to jump an average of 15% next year,” according to the Congressional Budget Office. This increase is being attributed “in large part” to the repeal of the ACA’s individual mandate, which takes effect in 2019. This alone will cause premiums to be 10% higher because fewer healthy people will buy coverage, leaving insurers with a sicker and costlier group of policyholders.
Employees who have a history of purchasing coverage from the Exchanges will be looking to their Employer Group Health plans for more competitive cost.
Marsha Marrullier, CEBC