Wednesday, February 05, 2014
Tweet[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
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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