Source: Health Policy Institute of Ohio
Ohioans who purchase insurance on the federal HealthCare.gov exchange will likely save money in 2020, as the state is reporting an average premium decrease of 7.7% compared to last year, according to the Ohio Department of Insurance (Source: “Obamacare Health Insurance Exchange Prices to Drop in Ohio for First Time,” Cleveland Plain Dealer, September 4, 2019).
It is the first decrease for Ohioans since the health insurance marketplace was unveiled seven years ago, and it could be more evidence that the controversial Affordable Care Act is working.
HealthCare.gov offers plans for people who do not get insurance through work, nor qualify for government health care programs such as Medicare and Medicaid — including people who are self-employed. About 206,000 Ohioans obtain plans on the exchange, according to the Kaiser Family Foundation.
The average Ohio premium on the exchange was $6,161.56 in 2019. In 2020, it’ll be $5,690.26, the insurance department said.