California Exchange Premiums Will Rise 1.8% in 2022

Covered California, the state’s health insurance marketplace, will see a preliminary average rate increase of 1.8% in 2022, California revealed on July 28. As several carriers expanded their coverage areas and a new carrier joined the exchange, there will be 12 issuers providing coverage across the state, with all Californians having two or more choices for the 2022 plan year. Among them, Anthem Blue Cross of California, L.A. Care Health Plan, Molina Healthcare and Sharp Health Plan proposed rate decreases. Kaiser Permanente led the market, with more than 570,000 members as of March 2021.

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