CHA News Article

New Analysis Shows Premium Increases, Drop in Coverage if Federal Policies Change

Covered California has released a new analysis showing the consequences California faces if federal policies are changed – specifically, if funding for cost-sharing reduction reimbursements is ended and the individual shared responsibility payment is not enforced for consumers who choose not to purchase coverage. According to the report, Covered California’s premiums could rise 28 to 49 percent in 2018, and changes to federal policy could result in up to 340,000 consumers losing coverage. This would lead to increased federal spending, anticipated to be in the billions of dollars. More information is available in Covered California’s press release.