"California continues to show the nation what can be done when you build on and strengthen the Affordable Care Act," its executive director said in announcing an average rate increase of under 1 percent for the 2021 plan year. That 0.6 percent estimate would be the lowest increase since the launch of Obamacare. It comes on the heels of a rate hike of only 0.8 percent in 2020. A few carriers were predicted to have price hikes of as ... (More)
‘Silver loading’ to continue in ’19
June 7, 2018 Leave a Comment
Federal officials will not block insurance companies from again using a workaround to cushion a steep rise in health premiums caused by President Trump's cancellation of a program established under the Affordable Care Act, HHS Secretary Alex Azar announced. The technique -- called "silver loading" because it pushed price increases onto the silver-level plans in the Affordable Care Act marketplaces -- was used by many states for 2018 ... (More)
Calif. seeks dual rate predictions
April 28, 2017 Leave a Comment
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
May 31, 2016 1 Comment
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%
July 28, 2015 Leave a Comment
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)
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