How much are consumers actually paying for insurance now that Obamacare is here?
That’s what private exchange operator eHealth wanted to find out. And with its new research, it found unless you have subsidies, health insurance on the individual market is much more expensive under PPACA.
On Wednesday it launched the eHealth Price Index, “the first and only tool of its kind that tracks on a daily basis the average monthly cost of individual and family health insurance for plans based on applications submitted nationwide through eHealth,” the company said.
The price index charts daily changes in health insurance costs and comparisons to pre-PPACA coverage.
The average premium for an individual health plan selected through eHealth without a subsidy was $274 per month, as of Feb. 24. That’s a 39 percent increase from the average individual premium for pre-Obamacare coverage, eHealth said.
And the average family plan cost $663 per month, up 56 percent from a year ago.
But deductibles fell in 2014, from $4,900 a year for an individual in 2013, to $3,768 this year. For families, 2014 deductibles average $7,194 a year, less than the $10,568 it was in 2013.