Alabama had the lowest individual monthly premiums at $136 per person, while Vermont and Massachusetts both had premiums of more than $400 per person, according to the study.
The study gave several reasons why there was such a large discrepancy among different states, including cost of living, age distribution of state population and other demographics, variable healthcare costs, benefits offered by plans and others. Starting in 2014, insurers will have to cover a standard essential benefit package in all states due to the Patient Protection and Affordable Care Act.
Read the study on individual health insurance premiums (pdf).
Related Articles on Health Insurance Premiums:
Hospitals Face Rising Insurance Costs for Employees
Aetna Becomes Fifth Insurer to Stop Offering Individual Health Policies in Indiana
GAO Report: Oversight of Health Insurance Premium Rates Varies Across States
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
