Covered Cal sign-ups rise 23%

Halfway through the first month of open enrollment, Covered California reports more than 48,000 new consumers have signed up for health insurance via the marketplace. For the period Nov. 1 through Nov. 15, sign-ups are outrunning figures from a year ago, in which 39,000 new consumers enrolled. That's an increase of about 23 percent. Peter Lee, executive director of the state Obamacare operation said: "While we are encouraged by ... (More)

12.4% surcharge on silver plans

Covered California's popular silver-tier products will see a 12.4 percent surcharge in 2018, the state health insurance exchange said. California's insurance commissioner pointed the finger at the Trump administration. "Thanks to President Trump's and congressional Republicans' inaction, the 2018 health insurance rates are higher than they would otherwise be," said California Insurance Commissioner Dave Jones. The total ... (More)

Small-business hike put at 5.6%

Covered California's small-business operation seems to be riding out the health-care storm, announcing premium increases of only 5.6 percent for the upcoming year. That's down slightly from the 5.9 percent hike of 2017. Individual Obamacare premiums in California are expected to rise 12.5 percent for 2018. About 36,000 state residents get their health insurance via the small-business operation, which covers employees of companies ... (More)

Covered Cal rates up 12.5% in ’18

The average statewide premium for 2018 will reflect a 12.5 percent increase, California's Obamacare operation says. Looking for positives in a time of uncertainty, Covered California played up its stability -- "all 11 participating health insurance companies will be returning for the upcoming year" -- and cited the "ongoing uncertainty and a lack of clarity at the federal level." But one of those 11 insurers is pulling back ... (More)

Obamacare exchanges in limbo

Covered California might not wrap up negotiations with insurers and announce 2018 premiums for its 1.4 million customers until mid-August -- about a month later than usual. The move came as California's Obamacare exchange scrubbed its annual rate announcement in mid-July, the latest sign of how the ongoing political drama over the Affordable Care Act is roiling insurance markets nationwide. Similar scenarios are playing out ... (More)