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)
7.5 million could lose insurance
September 25, 2017 Leave a Comment
Republicans' latest effort to repeal and replace the Affordable Care Act could lead to 7.5 million Californians losing their health insurance over the next decade, a study shows. "The effect on California would be devastating," Covered California chief Peter Lee said in sharing the report by the organization's chief actuary. The GOP-backed plan, which has been losing key support in the past week, is sponsored by Sens. Lindsey ... (More)
Uninsured rate at record low
September 14, 2017 Leave a Comment
About 8.8 percent of U.S. citizens went without health insurance last year, another record low. The U.S. Census Bureau said 28.1 million were uninsured in 2016, compared with 29 million (9.1 percent) in 2015. About 42 million were uninsured before the major provisions of the Affordable Care Act kicked in in 2014. Employer-based insurance covered 55.7 percent of the population for some or all of 2016, the Census Bureau ... (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)
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