Californians' health insurance premiums could rise by almost 50 percent if the Trump administration succeeds in gutting the Affordable Care Act, the state's marketplace warns. As many as 340,000 Californians could lose health coverage under proposed changes to Obamacare, Covered California warned April 27. "This specter of uncertainty could lead to dramatically higher rates," said Peter Lee, chief of the state Obamacare ... (More)
Covered Cal rates in the mail
October 13, 2016 Leave a Comment
With open enrollment just around the corner -- beginning Nov. 1 and running through Jan. 31 -- the state Obamacare operation is encouraging consumers to begin their shopping now. Covered California began mailing out notices to its health-insurance customers the second week of October, most delivering some dose of sticker shock due to double-digit premium increases. "Most of those renewing with us get subsidies that mean they are ... (More)
Small biz premiums up 6%
September 16, 2016 Leave a Comment
Covered California's small group health program for business will see an average premium increase of just under 6 percent in 2017, the state Obamacare operation said. The exchange is bringing "choice, stability and rate moderation to employers, their employees and the many consumers who don't have employer-based coverage," Covered California chief Peter Lee said in announcing the average rates and program expansions. "The options ... (More)
Covered Cal rates up 13 percent
July 19, 2016 Leave a Comment
Covered California officials are scrambling to put a positive spin on rate hikes for 2017 that should average more than 13 percent. Executive Director Peter Lee talked up the "power of shopping," claiming, "Almost 80 percent of our consumers will either be able to pay less than they are paying now, or see their rates go up by no more than 5 percent, if they shop and buy the lowest-cost plan at their same benefit level." The ... (More)
8% premium hikes expected in ’17
May 14, 2016 Leave a Comment
After a honeymoon period of several years, Covered California customers will be looking at a meaningful increase in premiums for 2017. The state Obamacare operation is predicting rate increases of 8 percent next year, it said in a budget proposal. That's double the 4 percent average of the past two years, but lower than projections elsewhere in the nation for Affordable Care Act marketplaces. Some consumer advocates said ... (More)
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