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jpak

(41,742 posts)
Mon Jul 27, 2015, 04:31 PM Jul 2015

Obamacare rates to rise 4% in California for 2016

Source: Los Angeles Times

Defying dire predictions about health insurance rate shock across the country, California’s Obamacare exchange negotiated a 4% average rate increase for the second year in a row.

The modest increase for 2016, announced Monday, may be welcome news for many of the 1.3 million Californians who buy individual policies through the state marketplace, known as Covered California.

California’s rates are a key barometer of how the Affordable Care Act is working nationwide, and the state’s performance is sure to be hotly debated among supporters and foes of the healthcare law, including the current crop of presidential candidates.

Outside California, critics of Obamacare have seized on the fact that major insurers in several states have sought rate hikes of 20% to 40%.

<more>

Read more: http://www.latimes.com/business/healthcare/la-fi-obamacare-rates-20150727-story.html#page=1

13 replies = new reply since forum marked as read
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zeemike

(18,998 posts)
4. But you can bet in the insurance industry they are.
Mon Jul 27, 2015, 04:49 PM
Jul 2015

Big bonus time for them.

It is amusing that we are now to cheer and increase because it could have been worse.

tularetom

(23,664 posts)
5. Yeah, there is that
Mon Jul 27, 2015, 04:53 PM
Jul 2015

Odd, isn't it, that people are cheering about a rate increase that is higher than than the increase in the CPI over the past 3 years combined.

JoePhilly

(27,787 posts)
8. Because its been rising at about 10% a year, for years now.
Mon Jul 27, 2015, 05:06 PM
Jul 2015

Oh wait, the ACA was supposed to flip the cost curve upside down immediately.

I forgot.

pnwmom

(108,925 posts)
12. Do you think Medicare only goes up in connection with income? And yet you're not complaining
Mon Jul 27, 2015, 07:02 PM
Jul 2015

about Medicare, only ACA. If we had switched to Medicare-for-All, I bet you'd be saying it was great that in one year it had cut the rate of increase by more than half.

blm

(112,920 posts)
10. Because insurance costs were up nearly 150% from 2000-2009, without any
Mon Jul 27, 2015, 06:35 PM
Jul 2015

targeted complaints from the NWO Republicans owned by the health insurance INDUSTRY.

Before ACA where was blame directed for the truly exorbitant rate hikes over that timeframe?

Fred Sanders

(23,946 posts)
7. Excellent news. Rates are up reasonably not to forget the millions now covered with better insurance
Mon Jul 27, 2015, 05:05 PM
Jul 2015

How soon folks forget about the past and details.

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