Calif. seeks dual rate predictions

The California Department of Insurance has authorized health insurance carriers to file two sets of rates for 2018 -- one under Obamacare, the second under a GOP-produced plan. The administration's efforts to repeal and replace the Affordable Care Act "have created immense uncertainly and instability for 2018's health insurance market," the commissioner's office said. Dave Jones, left, said: "Given the actions by President Trump ... (More)

UnitedHealth quits Calif. exchange

UnitedHealth Group Inc. is leaving California's insurance exchange at the end of this year, state officials confirmed. The nation's largest health insurer announced in April it was dropping out of all but a handful of 34 health insurance marketplaces it participated in. But the company had not discussed its plans in California. The exit was confirmed May 31. UnitedHealth's pullout also affects individual policies sold outside the ... (More)

2016 rate increases average 4%

Obamacare rate increases in California will pretty much follow last year's script, officials say. Covered California announced an average hike in premiums of 4 percent, just under 2015's 4.2 percent. "This means the majority of Covered California consumers will either see a decrease in their health insurance premiums or an increase of less than 5 percent if they choose to keep their current plan," Covered California said in ... (More)

Blue Shield loses tax exemption

State tax regulators have pulled the exempt status of health-care giant Blue Shield, one of the major participants in California's Obamacare operation. The move came in August, but was only publicized in mid-March. The story broke in the Los Angeles Times. Blue Shield of California said it was appealing the decision. It has not paid state income taxes since 1939, but does pay federal taxes. The health-care provider reportedly has ... (More)

State: Insurers misled consumers

State regulators say Anthem Blue Cross and Blue Shield of California provided "untrue" or "misleading" information about physicians connected with their health care policies sold via Covered California. Anthem Blue Cross and Blue Shield account for more than half of the business done on the state Obamacare health-care exchange. Both of the insurance giants responded that there were problems with the state's methodology, but admitted ... (More)