Bloomberg Law
Aug. 4, 2020, 5:00 PM

California Obamacare Rates to See Lowest Increase in 2021

Sara Hansard
Sara Hansard

California’s Obamacare market, the largest in the U.S. with about 1.5 million enrollees, has negotiated its lowest rate increase yet for 2021.

The 0.6% increase will likely leave the state’s average monthly Affordable Care Act premiums at $895 per household before subsidies, and $281 after subsidies. About 90% of the state’s enrollees receive subsidies.

Health insurers throughout the U.S. have done well during the pandemic as the reduction in claims resulting from postponed non-emergency medical care has more than offset expenses for Covid-19. But pushing down premiums too much could result in a “roller coaster” of rate increases ...

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