Covered California data paints different picture for health insurance costs A great deal of confusion has begun to surround the effect the Affordable Care Act will have on health insurance rates in California. Recently, state officials reported that the federal law would lead to a much lower than expected increase in health insurance premiums. These reports were based on information provided by Covered California, the state’s health insurance exchange. The information provided by the exchange does, however, offer a different outlook on the issue that state officials may have overlooked.…
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Three large insurers opt out of California health insurance exchange
Health insurance companies choose to opt out of exchange program California’s health insurance exchange, called Covered California, is beginning to take shape as it inches closer to becoming fully active at the end of this year. The exchange has been accepting policy applications from numerous health insurance companies throughout the state, all of which seem eager to participate in the exchange system. Three of the state’s largest insurers, however, have decided to opt out of the exchange program, at least for the first year of its operation. Decision could limit…
Read MoreHealth insurance rates in California draw ire from regulators
Health insurance rates continue to grow in California Health insurance rates continue to climb in California, a fact that has the state’s Insurance Commissioner, Dave Jones, somewhat upset. Rates have been climbing at a rapid pace since 2010, after the Affordable Care Act was passed. In 2012, the federal law was upheld by the U.S. Supreme Court, which spurred many insurers to raise rates dramatically throughout the country. Insurance regulators have managed to keep some rate increases at bay, but California consumers continue to see the cost of their health…
Read MoreHow California health care reforms will impact the state insurance environment
The Supreme Court’s decision to uphold President Obama’s law clears a path for the state to proceed. Now that the top court in the country has deemed the Affordable Care Act to be constitutional, California health care reforms will be continuing onward, changing the way that many of the residents of the state obtain their insurance and, therefore, the medical care that they receive. For the growing number of people without employer sponsored coverage, this will make a significant difference. Though the changes will be gradual – particularly at first…
Read MoreCalifornia awaits the health care reform decision of the Supreme Court
The future shape of the medical system is riding on this one significant ruling. When President Obama implemented the health care reform in 2010, California dived into the changes, hurrying to prepare itself for the various required deadlines, such as that of the state insurance exchange which is in January 2014. It took only months before new laws were created to implement or support the federal decisions. This included various changes to the healthcare system that had been in place in the state, so that the coverage marketplaces would be…
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