AUGUSTA, Ga. (WRDW/WAGT) – A brand new research reveals that medical insurance charges might doubtlessly improve in 2023.

In response to the 2023 Price of Well being Insurance coverage research, from 2022 to 2023, medical insurance charges throughout the nation elevated by 4 %, whereas Georgia noticed the most important year-over-year soar in medical insurance prices for a 40-year-old on a silver plan, growing by 20 %.

Together with Georgia, 36 states had their charges improve on common from 2022 to 2023, the report states.

Georgia’s 2022 common price for medical insurance was $394 {dollars}. The anticipated common price for 2023 is $474 {dollars}, growing by about $80 {dollars}, in accordance with the report.

Nonetheless, Georgia’s value continues to be moderately priced when in comparison with the remainder of the nation.

South Carolina’s 2022 common price was $436 {dollars}, however solely growing $33 {dollars} in 2023.

In response to the report, for the 15 million Individuals who may very well be unenrolled from Medicaid and the Youngsters’s Well being Insurance coverage Program when the tip of COVID-19 emergency well being declaration within the U.S. occurs in early 2023, getting medical insurance can be an enormous monetary burden, particularly in states like Georgia, which doesn’t have expanded Medicare protection.

For a selected medical insurance plan, the price of protection is set by sure components set by regulation. States can restrict the diploma to which these components impression your charges.

Components together with:

• Age
• The place you reside
• Smoking/tobacco use
• Variety of individuals insured

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