Obamacare customers are facing an average 7.5 percent price increase for a key benchmark health plan next year; But the average rate hikes will vary dramatically from state to state

 POLITICO

Roughly 80 percent of Obamacare customers received subsidies. | Getty

Obamacare rates to rise 7.5 percent next year

But the figures will vary widely from state to state.

By Paul Demko

10/26/15 06:18 PM EDT

Obamacare customers are facing an average 7.5 percent price increase for a key benchmark health plan next year, according to limited data the Obama administration released just days before the start of a challenging enrollment season.

But the average rate hikes will vary dramatically from state to state — skyrocketing more than 30 percent in Alaska, Montana and Oklahoma while dropping 12.6 percent in Indiana.

The administration's analysis looks at the second-cheapest "silver" plan available to customers when open enrollment begins on Nov. 1. Those benchmark plans, which are among the most popular sold on the law's health insurance exchanges, are important because they're used to calculate how much federal support low- and middle-income exchange customers will receive toward their monthly premiums.

More than 70 percent of exchange customers chose silver plans this year, which cover about 70 percent of medical costs. Roughly 80 percent of Obamacare customers received subsidies, worth an average monthly credit of $270.

Read More Here