For plans under the Affordable Care Act this year, the average premium cost increased to $408 per month — a 9 percent increase since this time last year, according to The Hill.
The finding is from the Department of Health and Human Services' new report.
Although the premium price has increased, 83 percent of enrollees have tax credits and only pay a portion of the $408. The average tax credit is $294 — an increase of $26 since last year. Thus, enrollees only pay an average of $113. At this time last year, enrollees with tax credits paid an average of $105 per month for premiums, according to The Hill.
The report also showed premium increases were as high as 40 percent in some states. It did not highlight information on average deductible prices.