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. premium projection: Up 11%
May 30, 2018 Leave a Comment
Premiums in the individual marketplace will jump 11 percent in 2019, Covered California predicts. The increase comes as enrollment in the state Affordable Care Act marketplace is expected to fall as much as 12 percent. The projected premiums are in line with the "significant" increases of up to 35 percent that Covered California warned were coming over the next three-year period. This past year, Covered California premiums were up ... (More)
Study: ‘Catastrophic’ rates ahead
March 8, 2018 Leave a Comment
Health-care premium increases in individual markets could be as high as 32 percent in 2019 and rise between 35 and 94 percent by 2021, according to a study backed by Covered California. "The prospect of 30 percent premium increases in 2019 and hikes of over 90 percent over the next three years threatens access to coverage for millions of Americans," Covered California chief Peter Lee said. The report, "Major Indicators of ... (More)
342,000 newbies for Covered Cal
January 23, 2018 Leave a Comment
About 342,000 new consumers have signed up for health insurance via Covered California as of Jan. 21. The state Obamacare operation said the pace of new sign-ups for the 2018 open enrollment period is running well ahead of last year, despite the political uncertainty about federal health-care policy. More than 1.2 million current Covered California customers have renewed for the year. Open enrollment continues through Jan. ... (More)
Enrollment healthy despite politics
December 11, 2017 Leave a Comment
Enrollment in Covered California health-care plans continues to run well ahead of sign-ups reported a year ago. For the month of November 2017 -- the first month of open enrollment -- more than 102,000 new consumers selected health insurance via the state Obamacare operation. That's almost a third more consumers who signed up compared with the 80,000 of November 2016. "We're seeing many Californians shop and enroll because the ... (More)
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