Covered California Strives To Stabilize Marketplace
The board unanimously adopted two new resolutions members believe will maintain market stability. One updates contracts between Covered California and insurance companies, allowing insurers that lose money in 2018 to increase profit margins in the following three years in order to recoup losses. The second increases Covered California’s marketing and outreach budget by more than $5 million.
Amid Uncertainty Over Health Care, Covered California Appeals To Insurers’ Bottom Lines
With ongoing uncertainty around the Affordable Care Act (ACA), the board that oversees California’s health care marketplace took action to stabilize the exchange on Thursday. Their goal was to convince insurance companies to continue offering health plans through Covered California. (Klivans, 8/18)
Anthem’s Exit Leaves Thousands With No Choice Of Health Plans
For about 60,000 Covered California customers, choosing a health plan next year will be easier, and possibly more painful, than ever: There will be only one insurer left in their communities after Anthem Blue Cross of California pulls out of much of the state’s individual market. That means they could lose doctors they trust, or pay higher premiums. (Ibarra, 8/18)