Friday, August 1, 2014
Obamacare Premiums Rising
California officials said that the more than 1.2 million consumers in the Obamacare insurance exchange can expect an average rise in premiums of more than 4.2% in 2015 on California's health insurance exchange.
In other major urban areas will have higher increases than the average, San Francisco had the highest average increase of 6.6%. Orange County is at 6.3%, while Los Angeles was at 4%.
You can check your coverage if it will be affected by the new rates at Covered California's online rate calculator.
The average premium increase for 2015 for the 24 states and the District of Columbia will be at around 7.5% based on the findings and analysis of PwC's Health Research Institute.
Covered California will have 10 insurers next year, including major insurers such as Blue Shield of California and WellPoint Inc.