News Headlines Article

Covered California announces 2015 health insurance rates
San Francisco Chronicle

Covered California‘s health insurance rates will go up an average of 4.2 percent next year, a proposed increase that supporters of President Obama’s health law hailed as a victory.

Peter V. Lee, Covered California’s executive director, said Thursday that 16 percent of consumers will either see no hike or even a small decrease in their rates. Rates could go up as much as 5 percent for 35 percent of policyholders, and 36 percent could get increases between 5 and 8 percent. About 13 percent of consumers could get hit with increases of 8 to 10 percent.