California’s insurance marketplace under the ACA will be seeing major changes in 2018 that will have a serious impact on patients’ wallets. The marketplace is raising premiums by 12.5 percent for those in the individual marketplace. Furthermore, if the federal government drops it’s cost sharing subsidies for low-income members, there will be an additional 12 percent rate hike for certain Covered California participants. California Health line Senior Correspondent Emily Bazar has analysis of the changes coming in 2018.
In this conversation, Emily Bazar covers a variety of healthcare topics including:
- A new California law designed to protect consumers from surprise medical bills.
- A recent court decision on Tuesday casting doubt on President Trump's authority to pull health insurance subsidies.
- A newly released plan for Covered California's Health Insurance Companies And Plan Rates.
- A discussion of how Minnesota and Iowa are managing insurance markets compared to California.
- An explanation of how California's market for individual insurance is broken into 19 regions, which shapes prices for consumers.