• News Desk

COVERED CALIFORNIA'S HEALTH PLAN RATES TO JUMP


California's Obamacare premiums will jump 13.2 percent on average next year, a sharp increase that is likely to reverberate nationwide in an election year.The increase, announced by the Covered California exchange Tuesday, ends the state's two-year respite from double-digit rate hikes.The announcement comes as the presidential candidates clash over the future of President Obama's landmark health law and as major insurers around the country seek to announce even bigger rate increases during the open enrollment period this fall.California won plaudits by negotiating rate increases for its 1.4 million enrollees that averaged 4 percent in the past two years. But that feat couldn't be repeated for 2017, as overall medical costs continue to climb and two federal programs that help insurers with expensive claims are set to expire.

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