People in many parts of the country will have more insurance plans to choose from this time than they did during the last ACA enrollment window.

That's good, but there's a catch. People who already have ACA coverage, and who renew their policies automatically without going back through, could see their costs rise.

What they're saying: "This year people might get complacent because they hear the average premium is going down, but that still hides enormous variation," according to the Kaiser Family Foundation's Larry Levitt.

By the numbers, per a recent HHS report:

  • 20% of current enrollees will have just 1 plan to choose from — down from 29% a year ago.
  • 57% of current enrollees will have at least 3 plans to choose from — up from 44% a year ago.

How it works: If you're buying coverage through the exchanges and getting a subsidy to help pay your premium (as most enrollees do), the size of that subsidy is based on your income and the cost of a specific plan in your area.

  • As new plans come onto the market in your area, subsidies might now be tied to one of those plans — which means the value of the subsidy will change, and it may cover less of your costs for the same plan.
  • (If you really want to go deep on how all this works, I wrote a treatise on it in a previous life.)

The bottom line: Enrollees who don't go back through the shopping process could have to pay more.

Go deeper

Updated 2 mins ago - Politics & Policy

Pence no longer expected at Amy Coney Barrett's final confirmation vote

Photo: Ben Hasty/MediaNews Group/Reading Eagle via Getty Images

Vice President Mike Pence no longer plans to attend the Senate's final confirmation vote for Judge Amy Coney Barrett on Monday, following Senate Democrats' rebuke that his symbolic presence would be a "violation of common decency," a Pence aide confirmed to CNN and Politico on Monday.

Driving the news: Five of Pence's aides were recently diagnosed with COVID-19, including his chief of staff, who is currently quarantining. Pence has continued his campaign travel despite his possible exposure to the virus, which goes against CDC guidelines.

Updated 5 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: The swing states where the pandemic is raging — Ex-FDA chief: Pence campaigning after exposure puts others at risk — Senate Democrats ask Pence to stay away from confirmation vote for Amy Coney Barrett.
  2. Health: 13 states set single-day case records last week — U.S. reports over 80,000 new cases for second consecutive day.
  3. Business: Where stimulus is needed most.
  4. Education: The dangerous instability of school re-openings.
  5. World: Restrictions grow across Europe.
  6. Media: Fox News president and several hosts advised to quarantine.
Dion Rabouin, author of Markets
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Bond investors see brighter days

Illustration: Sarah Grillo/Axios

U.S. government bonds could breakout further after yields on the benchmark 10-year Treasury note ticked up to their highest since early June last week.

But, but, but: Strategists say this move is about an improving outlook for economic growth rather than just inflation.