Monday, October 6, 2014

Health Insurance Marketplace will have 25 percent more issuers in 2015

HHS released a report that shows consumers will have more choices as they shop for coverage on the Health Insurance Marketplace in 2015. There will be a 25 percent net increase in the number of issuers offering Marketplace coverage.  In total, 77 new issuers will offer coverage on the Marketplace.This increase is important because previous estimates have found a connection between greater competition and lower costs. In other words, it suggests that the Marketplace is working to increase competition, provide consumers with more opportunity to pick the plan that best meets their needs, and ultimately lower costs for consumers. 

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