Tag: california health insurance rates

Health insurance rate increases in California may not be beneficial for insurers

S.Vagus
California health insurance

Insurers could be having trouble keeping up with the rate of medical inflation Fitch Ratings expects that health insurance rate increases in California will be a benefit for non-profit hospitals, but their impact on insurance companies is still uncertain. Insurers have been pushing for higher rates for the coverage they provide in the state and have been able to institute these rates regularly. The problem, however, is that the most recent round of rate increases may not be enough to help insurance companies keep up with the rate of medical…

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Health insurance rates are on the rise in California, again

Logan B.
California health insurance

Insurance premiums have grown by 88% so far this year Health insurance rates in California are growing rapidly. Over the past few years, insurers have been raising premiums, trying to offset the financial impact of increasingly expensive medical care and the provisions of the Affordable Care Act. Since the health care reform law was passed in 2010, rates  for health coverage have been growing at a rapid pace. According to the state’s Department of Insurance, health premiums have grown by as much as 88% so far in 2014. Higher rates…

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California health insurance premiums set to spike under Affordable Care Act

Logan B.
California health insurance

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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Health insurance rate increase in California lower than anticipated

Logan B.
California Health Insurance

Health insurance rates expected to spike throughout the US For the past year, insurers throughout the U.S. have been warning that health insurance rates would grow at an alarming rate due to the Affordable Care Act. These warnings have come from some of the country’s largest insurers, many of whom had suggested that consumers would be unprepared for higher rates in the future, leading to a phenomenon known as rate shock. In California, however, health insurance rates have yet to show signs that support the warnings coming from insurance companies.…

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Health insurance rate increase draws ire of California regulators

Logan B.
Dave Jones California insurance commissioner insurance industry rates

Dave Jones criticizes health insurance company for rate increases California Insurance Commissioner Dave Jones has strong criticism against some of the state’s health insurance companies this week. The Commissioner, who has long been wrestling with insurers over the cost of health insurance coverage, denounced Anthem Blue Cross for the company’s latest rate increase proposal. Jones calls the rate increase “excessive” and “unreasonable.” In the past, rate increases have been targeted mostly at consumers, but the latest increase from Anthem Blue Cross is aimed at small businesses. Rate increase targets small…

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