California Exchange Insurers File Record-Low Rate Requests for 2021

August 10

In its initial release of requested rate increases from insurers, Covered California, the state’s Affordable Care Act (ACA) exchange, announced a state record-low average rate increase of 0.6% for the individual market. In an Aug. 4 conference call with reporters, Covered California Executive Director Peter Lee also touted expanding payer competition on the exchange and growing enrollment.

The year’s marginal rate increase follows a similarly low increase of 0.8% for 2020, and comes in spite of the state’s many worsening COVID-19 outbreaks. California officials have positioned expanding health coverage as a critical part of the state’s response to the pandemic.

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Health Plan Weekly

Peter Johnson

Peter has worked as a journalist since 2011 and has covered health care since 2020. At AIS Health, Peter covers trends in finance, business and policy that affect the health insurance and pharma sectors. For Health Plan Weekly, he covers all aspects of the U.S. health insurance sector, including employer-sponsored insurance, Medicaid managed care, Medicare Advantage and the Affordable Care Act individual marketplaces. In Radar on Drug Benefits, Peter covers the operations of (and conflicts between) pharmacy benefit managers and pharmaceutical manufacturers, with a particular focus on pricing dynamics and market access. Before joining AIS Health, Peter covered transportation, public safety and local government for various outlets in Seattle, his hometown and current place of residence. He graduated with a B.A. from Colby College.

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