Feds affirm 25% average premium hike in states with federal ACA online markets

HHS said premiums for the second lowest cost individual ACA plan will jump by an average 25 percent in 39 states served by HealthCare.gov, according to federal data.

Plan types and prices were made available on the online market Monday. About half of individuals buying plans on HealthCare.gov will see at least a 16 percent increase on benchmark plan premiums, according to HHS data.

Despite the hikes, federal officials insist coverage will remain affordable. Nearly three-fourths of HealthCare.gov consumers will still be able to purchase a health plan for less than a $75 monthly premium, after subsidies. Over three-fourths will pay less than $100 per month after subsidies, according to officials.

"We're certainly encouraging people to come in and shop and see what options there are for them," Kevin Griffis, HHS assistant secretary for public affairs, said, according to CNBC

President Barack Obama's administration predicts monthly enrollment will average 11.4 million next year, a 9 percent increase from the monthly average this year.   

More articles about payer issues:
How many ACA insurers states will have next year
10 states with the highest, lowest average premium increases
CMS suspends automatic plan renewal for Medicare beneficiaries

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