More Rates Hikes for Calif. Health Exchange

FRESNO, Calif. (KMJ) — Covered California is estimating that premiums may rise by an average of 8 percent next year, which is double the previous increases seen two years in a row.

The projected rate hike comes amid increasing concern nationwide that insurers are seeking double-digit increases.

The expiration of two federal programs that help offset large expenses is negatively affecting rates, and the nation’s largest insurer, UnitedHealth, has chosen to exit many state exchanges.

Final rates for Covered California won’t be known until July, after the state conducts private negotiations.

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