Federal Changes to Health Care Hit California in the Form of Higher Insurance Premiums

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AutoInsuranceMM.Info – Low income insurance – Federal Changes to Health Care Hit California in the Form of Higher Insurance Premiums

On average, premium increases for Covered California health insurance plans and those on the individual market will rise 9 percent in 2019. That’s less than the 12.5 percent increase in 2018, but still more than double the region’s rate of inflationPhoto credit: iStock

Federal attempts to undermine the Affordable Care Act will ratchet up California’s health insurance premiums next year, but the spike is below last year’s increase and premium hikes projected for many other states.

On average, premium increases for Covered California health insurance plans and those on the individual market will rise 9 percent in 2019, according to officials with the state’s health insurance exchange. That’s less than the 12.5 percent increase in 2018, but still more than double the region’s rate of inflation.

Exchange officials said up to two thirds of the premium increases this year can be attributed to Congress’ decision to eliminate what’s known as the individual mandate. The mandate—a key part of the Obama-era health care lawrequired people to buy health insurance or pay a tax penalty. Congress repealed the mandate in December as part of its tax overhaul.