News Headlines Article

No Rate Shock, But California May Be Comparing Apples to Crabapples
AIS Health

Covered California on May 23 said 13 health insurance carriers will offer health coverage through the state’s insurance exchange beginning in October. The insurers represent a mix of regional and national, for-profit and not-for-profit companies that will offer plans statewide or regionally. Rates are expected to be finalized in July. Some industry observers had predicted an across-the-board rate hike of about 30% in California. But according to a prepared statement from the state’s insurance exchange, rates submitted for the individual market ranged from 2% above to 29% below the 2013 average premiums for small employer plans in California’s most populous regions.