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)
Obamacare exchanges in limbo
July 19, 2017 Leave a Comment
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
June 19, 2017 Leave a Comment
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
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)
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