The insurance companies that provide dental coverage to consumers are in a position to cut rates by up to 40% in the next year.
The Kaiser Family Foundation reports the rate cuts will be made possible through “insurance industry consolidation.”
The group is calling for insurance companies to consolidate and merge to make the cost of dental care more affordable.
“It’s about making sure consumers have the best possible value,” said Karen Hines, senior director of policy for the Kaiser Family Family Foundation.
In 2016, the ACA made it easier for people with pre-existing conditions to purchase dental insurance.
It also created a new premium tax credit for people who purchase dental coverage.
The credit was expanded to cover new coverage, so if you purchase a policy in 2018, the subsidy will go to you in 2019.
Kaiser’s report says dental coverage is a critical part of that expansion.
To learn more about dental care, read our guide to dental insurance coverage.
According to the Kaiser report, there are approximately 23 million people with dental insurance, which is up from 12 million in 2016.
That means there are more people with insurance than ever before.
According to Kaiser, insurance companies will continue to offer their customers a wide range of dental options, but the costs of dental treatment will continue be lower.
If you’re considering dental insurance and want to know how to find out more, check out our guide on the different types of insurance plans.