Category: Affordability

Affordability, Budget, Covered California, Gov. Newsom, Individual Mandate, Legislation

Deductibles to Spike as Governor Vetoes Legislation to Lower Out-of-Pocket Costs in Covered California

Hundreds of thousands of Californians with Covered California health plans will likely see their co-pays go up and deductibles rise by over one thousand dollars next year, as a result of Governor Gavin Newsom’s veto yesterday of SB 944 by Senator Pan. That bill sought to lower cost-sharing in Covered California, including eliminating deductibles in silver plans.

Affordability, Affordable Care Act, Covered California, Federal, Medicare

The Inflation Reduction Act is SIGNED!

President Biden has signed the Inflation Reduction Act, the most significant advancement in addressing health care costs since the Affordable Care Act. The law will lower prescription drug prices by allowing the government to negotiate prices, while also capping out-of-pocket and insulin costs in Medicare. It also prevents pricey premium spikes for 1.5 million enrollees […]

Affordability, Affordable Care Act, Covered California, Federal, Medicare

President Biden Signs Historic Health Bill for Lower Premiums and Prescription Drug Prices

President Biden today signed the Inflation Reduction Act, the most significant advancement in addressing health care costs since the Affordable Care Act. The law will lower prescription drug prices by allowing the government to negotiate prices, while also capping out-of-pocket and insulin costs in Medicare. It also prevents pricey premium spikes for 1.5 million enrollees in Covered California.

Affordability, Affordable Care Act, Covered California, Federal

Covered California Announces 2023 Health Premiums – But Pending Congressional Action Matters More

After three years of record-low premium rate increases of around one percent, Covered California, the state’s health care insurance marketplace, today announced 2023 rates, including a new health plan option, and an average increase of 6% for 2.3 million enrollees in the California individual insurance market, including the record-high 1.7 million in Covered California. While these increases are lower than the national average due to Covered California’s role actively negotiating rates, consumer advocates highlighted that the actual premiums that nearly all enrollees experience will be impacted much more by the decisions in Congress in the next few weeks.

Affordability, Affordable Care Act, Care4AllCA, Cost Containment, Covered California

Covered California 2023 Rates Announced–But Congressional Action Matters More

After three years of record-low premium rate increases of around one percent, Covered California, the state’s health care insurance marketplace, today announced 2023 rates, including a new health plan option, and an average increase of 6% for 2.3 million enrollees in the California individual insurance market, including the record-high 1.7 million in Covered California. While […]