After accounting for financial assistance, the average monthly premium on the Affordable Care Act exchange rose by approximately 5 percent between 2015 and 2016, according to The Hill.
This figure is based on a new report by HHS.
Here are four things to know about the report and its findings.
1. Figuring in financial assistance from the federal government, the average monthly premium rose by 5 percent from 2015 to 2016. In 2015, the average monthly premium for plans on the ACA marketplace was $101. This year, the average monthly premium rose to $106.
2. Before accounting for financial assistance, the average monthly premium rose 9 percent from 2015 to 2016. In 2015, the average monthly premium before financial assistance was $364, and in 2016, the average monthly premium was $396. Approximately 85 percent of enrollees qualified for financial assistance.
3. These figures do not include data from all 50 states. HHS' study only includes data for the 38 states that use HealthCare.gov, the federal marketplace. According to The Hill, lower monthly premium prices have been reported in states that use their own marketplaces.
4. The increase in monthly premium cost is due to people switching healthcare plans, according to HHS. People who switched plans between 2015 and 2016 saved 24 percent after financial assistance compared to those who did not switch plans, HHS estimates.