From Think Progress:
Health premiums in Maryland’s exchanges will be “among the lowest of the 12 states that have available proposed or approved rates for comparison,” the state’s exchange — Maryland Health Connection — announced Friday. The news comes just asNew York,Oregon, Montana, California, andLouisiana are also reporting lower than expected premiums.
In Maryland, a 25-year-old will be able to purchase a plan that is more comprehensive than policies currently available on the individual market for $114 per month, while a middle aged adult will have to pay approximately $260 per month for insurance. A 21-year-old non-smoker can start as low as $93 a month. Officials say they used their authority to deny rate increases to reduce the proposed premiums by “more than 50 percent.” Thirty other states have have similar authority.