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[IWS] PwC: HEALTH INSURANCE PREMIUMS: COMPARING ACA EXCHANGE RATES TO EMPLOYER-BASED MARKET [31 January 2014]

IWS Documented News Service

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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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PricewaterhouseCoopers (PwC) Health Research Institute (HRI)

 

Health insurance premiums: comparing ACA exchange rates to the employer-based market

http://www.healthreformgps.org/wp-content/uploads/pwc-1-31.pdf

[full-text, 5 pages]

 

At a glance

In 2014, the premiums for health plans offered on new state exchanges under the Affordable Care Act (ACA) are comparable

to—and in some cases lower than—those being offered by employers with similar levels of coverage. The data suggest the

new exchanges are competitive with the current insurance market and may open doors for employers as they contemplate

future benefits strategies.

 

Press Release 31 January 2014

PwC report finds Marketplace premiums comparable to employer-sponsored coverage

http://www.healthreformgps.org/resources/pwc-report-finds-marketplace-premiums-comparable-to-employer-sponsored-coverage/

 

A new report released by PricewaterhouseCoopers (PwC) Health Research Institute found that premiums for plans offered through the Affordable Care Act’s (ACA) health insurance marketplace were comparable, if not cheaper, than premiums of plans offered by employers.  The report, Health insurance premiums:comparing ACA exchange rates to the employer-based market,  noted several causes for this difference.  First, many plans offered through the ACA marketplace have thinner networks, which will drive down costs.  Second, premium rates between the public and private sectors may equilibrate after the ACA marketplace has been established for several years.

 

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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

 




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