News Headlines Article

Average Rise on Insurance Seen at 4% in California
New York Times

Health insurance rates will rise next year by an average of just 4 percent in California, one of the few states that actively negotiates prices, state officials said Monday.

In other states, insurers, including Blue Cross and Blue Shield, have requested rate increases of 10 percent to 40 percent or more. New customers under the Affordable Care Act turned out to be sicker than expected, many insurers have said. Some insurers reported financial losses on their exchange business, saying they paid out more in claims than they collected in premiums.