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Rates for health insurance plans on Calif. exchange to increase

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Rates for health insurance plans on Calif. exchange to increase

Health insurance premiums for California plans offered on thepublic exchange will go up 13.2% for 2017 on average.

Among the reasons cited for the increase are an adjustment accountingfor the end of a reinsurance funding mechanism provided under the Affordable CareAct, special enrollments by some consumers who buy plans after they became sickand the rising cost of care.

Rate increases had been about 4% for each of the previous twoyears, Covered California said in a July 19 release.