Premiums are going up again on the federal Affordable Care Act exchange, but generous subsidies will shield most consumers seeking coverage from the increased cost.
The average monthly premium for the benchmark silver plan in 2024 will rise by 4% in the 32 states participating in the federal exchange, healthcare.gov, according to a Centers for Medicare and Medicaid Services report released Wednesday. That matches the increase for this year, which was preceded by four straight years of premium declines.
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