Pa. residents pay about $60 for Obamacare marketplace plans
After tax credits, Pennsylvania residents who enrolled in silver Obamacare marketplace plans paid an average premium of $60 a month, according to the U.S. Department of Health & Human Services.
Silver plans were the most popular in Pennsylvania. Across all plan types in Pennsylvania, 68 percent of marketplace enrollees who selected plans with tax credits had premiums of $100 a month or less, and 47 percent had premiums of $50 a month or less.
HHS also said monthly premiums for Pennsylvanians who selected plans with tax credits fell 74 percent on average after tax credits, dropping the cost of the average monthly premium from $330 before tax credits to $84 after tax credits across all plan types.
“What we’re finding is that the marketplace is working for Pennsylvanians. Consumers have more choices, and they’re paying less for their premiums,” HHS Secretary Sylvia Burwell said in a news release. “When there is choice and competition, everybody benefits.”
Nationwide, HHS said, there were a total of 266 issuers in the marketplace, offering more than 19,000 plans across all ratings except catastrophic. Overall, 96 percent of people eligible to purchase a qualified health plan could choose from two or more health insurers in the marketplace.
HHS said new issuers represent almost 26 percent of all issuers in the marketplace nationwide, and the new consumer-operated and -oriented plans tended to have lower premiums than other plans. Early reports from states across the nation suggest that additional issuers will be entering the marketplace in 2015, it said.