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Fact Based List:
RWJF: Key Findings on Marketplace Competition and Premiums, 2019-2022
Submitted By gmccalister, Created 05/12/2022 - 09:35
- Premiums for benchmark plans in the marketplace fell 1.8% nationally in 2022, following declines of 3.2% in 2020 and 1.7% in 2021.
- These trends contrast with premium increases in employer-sponsored plans of 3.6% in 2021 and 3.9% in 2020.
- Most states saw reductions in marketplace premiums, but premium prices varied considerably across states.
- Regions with higher unemployment rates saw higher premium increases.
- The number of insurers participating in the marketplace increased from 198 to 288 between 2020 and 2022 in the regions analyzed.
- Health premiums in markets with only one insurer were $189.50 higher, on average, relative to markets with five or more insurers.
Source: Robert Wood Johnson Foundation, Marketplace Premiums Continue to Decline As Competition Rises, 4/12/22
Source URL: https://www.rwjf.org/en/library/research/2022/03/marketplace...