Average Obamacare premiums to drop for the first time

By Kimberly Leonard

Published October 11, 2018 1:21pm ET

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Average Obamacare premiums to drop for the first time — The Senate voted to end debate on the nomination of Seema Verma by 54-44, setting up a final confirmation vote that is likely to be held next week. (Pete Marovich/Bloomberg) | (Pete Marovich/Bloomberg)

Average premiums on the Obamacare marketplaces are set to drop by 1.5 percent in 2019, according to the Trump administration, the first time a decline has happened since the market launched in 2014.

The outcomes buck predictions that Obamacare-related actions by the Trump administration and Republicans would lead to spikes in premiums and insurer exits.

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Affordable Care Act Insurance Industry Seema Verma