California Exchange Insurers File Record-Low Rate Requests for 2021

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.

0 Comments
© 2024 MMIT
Peter Johnson

Peter Johnson

Peter has been a reporter for nearly a decade. Before joining AIS Health, Peter covered a wide variety of topics in his hometown of Seattle, where he continues to live. Peter’s work has appeared in publications including The Atlantic and The Stranger. Peter attended Colby College.

Related Posts

uhc-building
April 19

UnitedHealth — Mostly — Calms Jittery Analysts With 1Q Earnings Report

READ MORE
stock-ticker
April 19

Elevance Again Beats Utilization Blues, Launches Primary Care PE Deal

READ MORE
businessman-viewing-news-update-journalism-headline-on-a-laptop
April 19

News Briefs: Politicians Probe Change Cyberattack

READ MORE

GAIN THERAPEUTIC AREA-SPECIFIC INTEL TO DRIVE ACCESS FOR YOUR BRAND

Sign up for publications to get unmatched business intelligence delivered to your inbox.

subscribe today