More than 120 health insurance plans have applied to sell their products on the federally run health insurance exchanges under the Patient Protection and Affordable Care Act, the White House said in memo Thursday.
One-quarter of those applicants are new competitors in a state’s individual insurance market.
Administration officials point to a report by the Democratic staff of the House Energy and Commerce Committee last week that determined that in Oregon and Washington the competition is lowering premium rates even before income-based tax credits are taken into account. But two other states whose filings were examined by the committee, Rhode Island and Maryland, signaled premium rate increases.
An earlier report by the committee's Republican staff surveyed insurers who estimated that premiums would increase in most cases.