More Pain Ahead for California's Exchange Consumers - Up to 28.6% Increases Coming!

[maxparrish]

Great News. Obamacare, the gift that keeps on giving!

Obamacare: Covered California's health plan prices soar - Mercury News

Californians who buy coverage through the state's health insurance exchange better get ready for a dose of sticker shock: Average premiums next year will shoot up more than 13 percent statewide -- and could even double that in some parts of Northern California.

While consumers are growing weary about the rising costs of health care and specialty prescription drugs, there's a new culprit adding to the soaring rates for 2017 announced Tuesday: Two federal programs are expiring next year that were created to cushion insurers from losing money on low-cost, high-risk policies under the Affordable Care Act.

"We've known for a long time that 2017 would be a transition year,'' said Peter Lee, executive director of Covered California, the state's health exchange. "We are seeing that happening."

AVERAGE PROPOSED RATE INCREASES...

San Benito, Santa Cruz, and Monterey counties: 28.6 percent.
San Francisco County: 14.8 percent.
Contra Costa County: 13.6 percent.
Marin, Napa, Solano and Sonoma counties: 12.5 percent.
Alameda County: 12.3 percent.
San Mateo County: 11. 7 percent

 

[ludin]

Re: More Pain Ahead for California's Exchange Consumers - Up to 28.6% Increases Comin

But but but prices are going down.

People will save 2500 on their premiums.