Forget the scary rate shock warnings — at least for now.

New analysis from Avalere Health finds premium rates for mid-range or "silver" health insurance plans are falling below Congressional Budget Office estimates, signaling the state exchanges — the key component to President Obama's health law — is working.

The analysis from the consulting firm comes just as the Obama administration continues to take heat for the law. In a report Wednesday, the Government Accountability Office pointed to challenges in opening the federal exchanges on time. But Avalere said the initial filings are good news for consumers and the administration.

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