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%
September 12, 2017 Leave a Comment
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)
Surcharge decision set for Sept. 30
August 18, 2017 Leave a Comment
Stymied by federal uncertainties, Covered California has delayed its decision on whether to issue a surcharge for 2018 on "silver" health-care plans. The delay results from a lack of direction from the Trump administration on the future of federal subsidy payments. "The lack of clarity and direction at the federal level continues to be a challenge, and Covered California is doing everything it can to stabilize the market and ... (More)
Covered Cal rates up 12.5% in ’18
August 1, 2017 1 Comment
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)
Covered California delays rate news
July 19, 2017 Leave a Comment
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)
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