Insurance premiums offered by health insurers participating in the Obamacare exchanges put Indiana among the 10 most-expensive states in the country, according to data released last month by the U.S. Department of Health and Human Services.
The average premiums for the lowest-cost “bronze” and “silver” plans—the two cheapest categories —are 20 percent to 25 percent higher than the national average.
High premiums in the exchanges might not have an affect on Hoosiers who qualify for a tax subsidy.
That’s because the higher costs for those customers will be absorbed by federal taxpayers.
The average price for a silver plan in Indiana is $392 per month or the 6th highest in the nation.
The average price for the bronze plan is $302 per month or the 9th most expensive in the nation.
It is estimated that between 50 to 80% of Hoosiers will qualify for a subsidy.
Some experts say that the reason premiums are higher is because health care in Indiana is higher than the national average.
But even though health care was more expensive, the Hoosier state had cheaper premiums because insurance companies could deny coverage to expensive patients who had health problems.