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ACA costs not huge despite lack of competition

Although lots of insurers have bailed on the program, the lack of competition has not seen a rise in premiums to a corresponding degree.

By Marlene Y. Satter | Updated on December 30, 2016
Although lots of insurers have bailed on the program, the lack of competition has not seen a rise in premiums to a corresponding degree. (Photo: iStock)

Amid the uncertainty about the future of the Affordable Care Act and the health care coverage it provides, even more people signed up for coverage during this year’s enrollment period than during last year’s. 

And despite the exit of many insurers from marketplaces across the country, rate hikes — while substantial in some areas — were by no means as large as consultants expected to see. Nor were they as costly to insureds as might have been expected, since along with the rise in premiums came a rise in subsidies. 

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