A White House memo issued today reports the 19 states in which the federal Department of Health and Human Services will operate federally-facilitated health benefit exchange marketplaces will have “strong competition” among health plans when they open for enrollment in October.
Some data points from the memo:
- A total of more than 120 health plan issuers have applied to offer qualified health plans in the HHS-run state exchange marketplaces.
- Consumers will have multiple options in each actuarial value metal tier of coverage: catastrophic, bronze, silver, gold, and platinum.
- On average, issuers plan to offer more than 15 qualified health plans per state, with some plans being offered in part rather than all of the state.
- One out of every four insurance companies proposing to offer individual coverage has newly entered the market in HHS-run state exchange marketplaces.
- About 65 percent of new issuer entrants to the individual market in the HHS-run state exchange marketplaces are in states where a single insurance company dominates the market.
- The Office of Personnel Management is currently reviewing more than 200 proposed multi-state qualified health plan options.
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