Covered California Seeks To Entice Plans With Pledge For Future Years
State officials are proposing that insurers who lose money on the health insurance marketplace in 2018 be allowed to recoup those losses by taking higher profits in the following three years.
Covered California May Let Insurers Recoup 2018 Losses In Future Years
Covered California is proposing that insurers who lose money in 2018 on the exchange would be allowed to make larger profits each of the following three years to recover their losses. The exchange points to ongoing market uncertainty as the reason for the profit proposal. (Faust, 8/14)
Trump's Decision On Cost-Sharing Reduction Payments Could Hurt California Consumers
The Trump administration’s decision to give health insurers until Sept. 5 to file their 2018 rates will not have an effect in California. That’s because California insurers have already announced plans to raise rates an average of 12.5 percent next year. But premiums could go up even more, depending on what President Trump decides to do with cost-sharing reduction payments, or CSRs. (Goldberg, 8/15)