The White House seemed none too pleased this week when the Florida insurance regulator announced that insurance premiums under Obamacare would go up an average of 13.2 percent in 2015. In fact, the administration took the unusual step of releasing its own analysis and implied that the official figure from Florida could be "misleading."
Because the two reports are looking at different metrics, they could both technically be true. And to be clear, both of the metrics look at premiums before any subsidies consumers may be eligible for are applied.
The 13.2 percent number from the state regulator accounted for every kind of plan, from silver to gold to platinum. The administration, on the other hand, chose to focus on 'benchmark plans,' which reflected a decline in costs.
The administration's analysis looked at the second-lowest silver-level health plan, which covers 70 percent of costs and serves as the benchmark plan for the tax credits offered under the law. About 65 percent of the law's 8 million sign-ups enrollees in 2014 selected a silver-level plan, according to the final HHS report.
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