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What the California Rate Increases Should Tell Us
The Health Care Blog

The weighted average increase for plans being sold on the Obamacare California public exchange in 2015 will be 4%. So, that means Obamacare is working really well, right?

Well, wait a minute. Let’s consider a few things:

1. This week the California insurance commissioner reported that the average unsubsidized 2014 rate increase carriers charged going into Obamacare was between 22% and 88%. That was a pretty healthy bump (I’ll call it a bump because “Rate Shock” didn’t happen) to get everyone into Obamacare in the first place. And remember, many of these consumers are now in narrow networks in California to boot.

 

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