A Modest Increase for Obamacare Rates in California

L.A. Times: “California’s Obamacare exchange negotiated a 4% average rate increase for the second year in a row, defying dire predictions about health insurance sticker shock across the country.”

“The modest price increases for 2016 may be welcome news for many of the 1.3 million Californians who buy individual policies through the state marketplace, known as Covered California.”

“California’s rates are a key barometer of how the Affordable Care Act is working nationwide, and the results indicate that industry giants Anthem and Kaiser Permanente are eager to compete for customers in the nation’s biggest Obamacare market.”

“’California wasn’t the doomsday scenario we had been hearing about,’ said Christine Eibner, a healthcare economist at the Rand Corp., a Santa Monica think tank.”

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