Covered California announces increased rates of 12.5 percent for its 2018 health insurance plans
"Californians are paying about 3 percent more than they would have if not for the uncertainty," said
Additionally,
"The uncertainty is also having an impact on plan participation," Lee said. "It's significant. About 153,000 of (
Last year, rates increased an average of 13 percent statewide, a bigger jump than in 2015. This year, insurance companies were left in the dark as lawmakers pushed a bid to repeal Obamacare to the last possible minute before voting against such a move. It remains uncertain if the Trump administration will make monthly payments that allow insurers to reduce co-pays and deductibles for low-income consumers as required by the Affordable Care Act. Later this month, Covered California will decide whether to attach an average 12.4 percent surcharge to the silver-tier plans that offer the reduced out-of-pocket costs for about 650,000 Californians.
Roughly 551,510 people in
Covered
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