Surge in insurers selling market plans

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Surge in insurers selling market plans -

welcome-1 The health insurance marketplace enters the second year of operation and more enter health insurance. This is good news for consumers, as more competition could help the market to keep costs low. According to a report by the Department of Health and Human Services (HHS), the number of new entrants is on the marketplace projected more than five times the number of insurers to be the market exit.

backgound on the report

the HHS report preliminary data for 44 states, including 36 Federally-facilitated analyzed [1945007Marktplatz] (FFM) States and eight state-based marketplace (SBM) States. Based on preliminary data, 36 of the 44 countries at least one new insurance company is the market have entry.

The key findings from the report

[1945007inderTat], four of the 36 states in the FFM is at least the have twice the number of insurers, as they had in 2014 Indiana, Missouri, New Hampshire and West Virginia will all see doubling of insurance companies offer this year market plans. California is the only state among the 44 analyzed countries, which see a decrease in the number of insurers. Californians have to choose only ten insurers in 2015 as
opposite in 2014-12

63 it offer more insurance market plans in 2015 than in 2014. after the HHS report there were, this represents an increase of 25 percent in the total number of market insurers 2014-2015

There were only 191 insurance plans in the United States with a FFM marketplace in 2014. Preliminary data from the issuer rate filings addition the Centers for Medicare & Medicaid Services indicate that a total of offer 248 insurance market plans in these countries in 2015 Insurers_in_the_Marketplace
insurers_in_the_marketplace2 graphic: Department of Health and Human Services

Only 61 insurers offered market plans the eight SMB States in 2014. in 2015 was these 67 insurers increased offer market plans. This represents a 10 percent increase in the number of insurers for these eight states marketplaces.

The HHS report also points to the fact that "is some in more than a dozen states of the largest insurers in the nation coverage offer for the first time , suggesting that the FFM and SBMs an increasingly attractive business opportunity "

. example: Assurant Health is the public marketplace in 16 states and UnitedHealthcare is expanding its market presence [1945007eingeben] by five states in 2014, build as many as 24 states in 2015 Aetna, Humana and Cigna also Exchange rates in 2015

This is good news for consumers as it means more individual health plans to choose from and more competition in the market. This increases the competition between insurers prices will help in 2015 to keep

Here you can access the full report at hhs.gov.

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