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Premiums to soar for health insurance exchange coverage

Published Tuesday July 19

Californians who buy coverage through the state’s health insurance exchange better get ready for a dose of sticker shock: Average premiums next year will shoot up more than thirteen percent statewide — and could even double that in some parts of Northern California.

While consumers are growing weary about the rising costs of health care and specialty prescription drugs, there’s a completely new culprit adding to the soaring rates for 2017 announced Tue: 2 federal programs are expiring next year that were created to cushion insurers from losing money on low-cost, high-risk policies under the Affordable Care Act.

Still, Northern CA residents should brace themselves:

Article length: About 700 words.
Tags: Santa Cruz
Read more at Marinij

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