Marketplace Rates Projected to Rise 12% in 2016

Here are some key findings from a recent analysis by HealthPocket regarding Affordable Care Act premiums for 2016:

·         Affordable Care Act premiums are projected to rise an average of 12% for 2016.

·         Silver plans accounted for 67% of marketplace plan selections and will increase by 14%.

·         At 16%, gold plans have the highest average rate increases projected for 2016.

·         Bronze plan premiums are projected to increase by an average of 9%.

·         Rate proposals for bronze HMOs/EPOs are 20% higher, while bronze PPOs are 4% higher.

·         Platinum plan premiums are projected to increase an average of 6%.

Source: HealthPocket, June 11, 2015