Covered California delays rate news

Covered California has postponed its annual rate announcement by at least several weeks as the political chaos surrounding health care policy swirls in the nation's capital. "This decision (to delay) is based on the ongoing federal uncertainty around the repeal and replacement attempts of the Affordable Care Act and the dramatic potential impacts such uncertainty has on the rates and on California consumers," the state Obamacare ... (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)

State plans for loss of subsidies

Covered California's board fears health-care subsidies are headed for the federal government's chopping block -- and is taking action. The board confirmed June 15 that insurers must submit a pair of rate proposals for 2018 -- one with continued cost-sharing reductions and one without. Covered California will require participating plans to offer a "separately rated, non-mirrored" silver plan off exchange that is nearly identical to ... (More)

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)

Covered Cal: Insurance chaos ahead

Californians' health insurance premiums could rise by almost 50 percent if the Trump administration succeeds in gutting the Affordable Care Act, the state's marketplace warns. As many as 340,000 Californians could lose health coverage under proposed changes to Obamacare, Covered California warned April 27. "This specter of uncertainty could lead to dramatically higher rates," said Peter Lee, chief of the state Obamacare ... (More)