The California health insurance exchange unveiled a preview of its plans, with key insurers including Blue Shield, Anthem, Health Net and Kaiser Permanente. In all, 13 health plans will be offered to individual policy buyers when the health insurance marketplace opens for business Oct. 1. Covered California is among the first of the Affordable Care Act exchanges to go public with its proposed offerings, releasing the plan May ... (More)
Workplace health insurance down
April 12, 2013 Leave a Comment
The number of people with employer-sponsored insurance has "eroded substantially" since the beginning of the century, health analysts say. The percentage of people with employer insurance fell more than 10 percent over the period from roughly 1999 to 2011, the Robert Wood Johnson Foundation reported. Meanwhile, the number of people with government-sponsored coverage increased about 3 percent, according to the report, "State-Level ... (More)
Premiums forecast: Up 14%
March 29, 2013 Leave a Comment
Health insurance premiums for individuals who buy their own policies will rise 14 percent in 2014, a new study predicts. The increase without effects of the Affordable Care Act would be about 9 percent, said consultants to the state-backed marketplace, Covered California. Meanwhile, those who qualify for subsidies -- tax credits, lower deductibles -- may pay significantly less in monthly premiums compared with recent years, the ... (More)
Study: Individual claim costs to soar
March 27, 2013 Leave a Comment
Medical insurance claims for individual policies in California will cost insurers 62 percent more by 2017, a risk-management group predicts. The figure is near the top of cost increases seen for each state under the Affordable Care Act. The costs do not necessarily mean premiums would increase by that amount because numerous other factors come into play, the Society of Actuaries said in its report of March 26. Still, claims costs ... (More)
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