WisBusiness: Wisconsin individual market health insurance rates to fall 3.2 percent in 2020, Evers announces

WisBusiness: Wisconsin individual market health insurance rates to fall 3.2 percent in 2020, Evers announces

Gov. Tony Evers has announced 2020 premium rates for Wisconsin’s individual health insurance market will be 3.2 percent lower on average than rates for this year.

This is the second year in a row rates have gone down, according to the Wisconsin Hospital Association, following a decrease of 4.2 percent for 2019.

In a release, Evers connects the lower rates to the state’s reinsurance program, the Wisconsin Healthcare Stability Plan.

“This is an important step forward as we work to make quality healthcare more affordable for Wisconsin’s families, and it is encouraging to see rates continuing to stabilize after years of rate increases and market instability,” Evers said Friday. “The WIHSP is working.”

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