Health & Fitness
Tennessee Obamacare Insurers Cutting Premiums
The biggest insurance companies providing coverage to Tennesseans using the ACA exchanges will cut premiums for the first time.
NASHVILLE, TN -- For the first time, Tennesseans with coverage through the health-insurance exchanges set up by the Affordable Care Act will see their premiums go down.
According to state regulatory filings, Cigna plans to reduce premiums for its individual plans by an average of 4.8 percent and BlueCross BlueShield of Tennessee will slash its average rate by 10.9 percent.
Both Cigna and BCBST increased premiums by double digits the last four years.
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Oscar, the only other company offering individual plans in Tennessee, requested a 10.8 percent premium increase.
There were 23 individual insurers in Tennessee in 2012 and eight when the exchange opened in 2014. Two new insurers announced intentions to enter the Tennessee market in 2019, reversing years of declines.
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