Consumer choice in ACA markets continues to grow
Now 88 plans on average to choose from for the 2023 plan year
Consumers shopping for health insurance through Affordable Care Act marketplaces had five health insurance providers and 88 plans on average to choose from for the 2023 plan year, up from three carriers and 27 plans in 2018, according to a report from McKinsey. The percentage of consumers with access to at least three insurers rose from 49% in 2018 to 87% for this year, while the number of counties with a single insurer fell from 52% to 4%.
Full Story: Becker's Payer Issues (4/18), McKinsey (4/11)