08/31/2017

Rate changes ahead for Covered California


Covered California, California’s health-based marketplace, released in early August its proposed 2018 rates for the individual health plan market. The proposed 2018 rates include an average weighted rate increase of 12.5 percent for health coverage. The 2018 rate change is lower than last year and includes a one-time increase of 2.8 percent due to the end of the health insurance tax “holiday.” Eleven health plans that currently participate in Covered California will continue participating in the state-based marketplace in 2018. However, Anthem Blue Cross has withdrawn participation from 16 of California’s 19 pricing regions where it serves approximately 153,000 consumers.

The proposed 2018 rates for embedded, individual and small business dental coverage were not available at the time of this writing.

To learn more about health coverage available through Covered California, visit coveredca.com.



Related Items

CDA continues to monitor Congressional efforts in Washington D.C. to repeal or replace the Affordable Care Act. After several failed attempts by the Senate in late July and early August to pass repeal/replacement proposals, both chambers of Congress are working toward finding a bipartisan solution to stabilize the individual health coverage market.

The Department of Health Care Services on June 30 announced hundreds of procedure codes will receive a 40 percent supplemental rate increase as the result of Proposition 56, the tobacco tax measure sponsored and supported by CDA and approved by voters last November. Over $1 billion of the tobacco tax revenue is allocated to improved payments to physicians and dentists who treat Medi-Cal patients.

Topics
Top