The Centers for Medicare and Medicaid Services (CMS) announced on Monday that the average premium for the benchmark ACA plan, or the second-lowest costing silver plan, fell by two percent for the 2021 coverage year. The CMS also revealed that 22 more health insurers will offer coverage in 2021, which will increase health insurance competition and choice for patients.
CMS Administrator Seema Verma said that the president’s healthcare policies have led to more choices and lower costs in a statement on Monday.
“Bottom line – The President has delivered, lower cost and more choice,” Verma said. “Our changes to the regulations and how we have managed the Exchanges have proven to be more effective than previous administrations.”
The three years of declining premiums totaled to an eight
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