Is Peace Of Mind Enough To Get People To Buy Health Care Coverage On The Exchanges?
Covered California officials are anticipating an enrollment drop now that the penalty for not buying coverage has been zeroed out. The anticipated departure of some consumers from the pool accounts for part of an 8.7 percent average rate increase next year for Obamacare plans offered by 11 insurers in California.
Covered CA Enrollment Expected To Drop As Penalty Ends
Covered California’s fall enrollment period will show whether peace of mind is a motivation for people to keep their health insurance next year. Last year, Congress passed legislation that in 2019 erases the federal tax penalty for people without coverage. (Carlson, 10/21)