By Stuart Pfeifer, Chad Terhune, Soumya Karlamangla, LOS ANGELES TIMES
-Negotiations with healthcare providers yield a modest 4.2% increase in Covered California rates for 2015
- We have changed the trend in healthcare costs,' says Covered California head
-2015 Obamacare rates for Californians will rise 4.2% on average
Defying an industry trend of double-digit rate hikes, California officials said the more than 1.2 million consumers in the state-run Obamacare...
By Staff Writers, CALIFORNIA HEALTHLINE
On Thursday, Covered California officials announced that the average premium for health plans offered on the exchange will increase an average of 4.2% for the coming year, the Sacramento Bee reports (Cadelago, Sacramento Bee, 7/31).
Covered California is the state's health insurance exchange, created under the Affordable Care Act.
The rates will be reviewed by state regulators before being...
By Lisa Alferis, KQED - THE STATE OF HEALTH BLOG
Click here to listen to the audio of this radio broadcast segment (Scroll down).
Officials with Covered California, the state’s Obamacare marketplace, say premiums will go up an average 4.2 percent statewide in 2015 for the 1.4 million Californians currently enrolled in insurance through the exchange.
Peter Lee, executive director of the agency, was clearly delighted. “This is good...
By Christopher Cadelago, SACRAMENTO BEE
California’s health insurance exchange officials announced Thursday that the average premium will increase an average 4.2 percent for the coming year, touting the lower-than-usual figure as evidence that the federal health care overhaul is making coverage affordable for millions of residents.
Covered California tentatively chose 10 health insurers to participate in the exchange and will...
By Christopher Cadelago, SACRAMENTO BEE
As state insurance commissioner, Dave Jones has the power to regulate rates for car and homeowner insurance. He can halt an insurer’s proposed increase if the company can’t justify the higher cost.
Health insurance is another matter.
The former Democratic lawmaker has spent years working to give elected commissioners regulatory authority over health insurance rates. He’s asking...
By Kathy Robertson, SACRAMENTO BUSINESS JOURNAL
In a pre-emptive strike against what are expected to be lower-than-expected health plan rates for 2015, California Insurance Commissioner Dave Jones took to the bully pulpit Tuesday to rail against rate hikes in 2014 as well as rally support for a rate regulation initiative on the November ballot.
Average rate increases this year were between 22 and 88 percent, after considering variation for...
By Stuart Pfeifer, LOS ANGELES TIMES
Californians paid 22% to 88% more for individual health coverage this year than last, commissioner says
The cost of health insurance for individuals skyrocketed this year in California, with some paying almost twice what they did last year, the state's insurance commissioner said.
But Insurance Commissioner Dave Jones predicted that insurers will ease up in the coming year to prevent...
By Susan Abram, LOS ANGELES DAILY NEWS
Nearly 500,000 consumers across California will receive a piece of a $12 million refund from health insurance companies this summer as part of a provision under the Affordable Care Act, the U.S. Department of Health and Human Services said Thursday.
Called the 80/20 rule or Medical Loss Ratio Rule the provision requires insurance companies to spend at least 80 percent of premium dollars on...
By Shannon Barr, SAN DIEGO NEWS ROOM
Campaign funds are rising for those supporting and opposing Proposition 45, the "Insurance Companies Required to Justify Their Rates to the Public Initiative." This proposition allows the insurance commissioner -- currently Dave Jones -- to regulate health care insurance premiums. It will be on the November 4 ballot.
As of July 11, $37,303,550 has been raised for the opposing side's...
By Jeffrey Young, HUFFINGTON POST
No law has done more to reform health insurance and protect consumers against the industry's most heinous practices than the Affordable Care Act. But Obamacare didn't magically transform insurers into benevolent entities solely devoted to taking care of sick people.
Health insurance companies, even those that are not-for-profit, have to collect more money in premiums than they shell out...