As Covered California enters its fifth year, the health insurance exchange is facing challenges both old and new, from rising health premiums to widespread confusion among consumers over how their health plans may change next year.
Most of the 1 million people who receive premium subsidies to buy insurance will likely pay less in 2018, said Covered California’s executive director Peter Lee.
People who have jobs however, will get nailed again. The hundreds of thousands of residents who earn too much to qualify for premium subsidies will likely face major price hikes.
On average, Covered California consumers will see their premiums rise 12.5 percent.