California Association of Health Plans Issues Statement on 2019 Individual Market Rates
Covered
California Association of Health Plans President and CEO
"Covered
"These premium increases reflect the impact of the changes at the federal level, most notably the repeal of the individual mandate to purchase health insurance, as well as continued rising medical costs, which includes the ever increasing costs of prescription drugs.
"We look forward to building on the gains we have achieved in
The major factors influencing rates in 2019 include continued federal changes to the Affordable Care Act, particularly the federal government's decision to eliminate the individual mandate to buy health insurance. Other factors impacting premiums include increased prescription drug spending, which accounts for the 24 percent of spending in the Covered California marketplace, hospital expenses, and other rising medical costs, third party payment abuse by certain unscrupulous providers, and continued misuse of the special enrollment period by some individuals. Rates will also vary based on individual circumstances such as age, family size, zip code, and income level.
White Paper Stresses Importance of Oral Health Care Benefit for Older Adults
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News