Sixty-eight percent of previously uninsured California residents now have coverage, up from 58 percent after the first open enrollment period in the spring of 2014.
California's state-run health insurance exchange, Covered California, announced that premiums are set to increase 4 percent statewide, which the federal government hailed as a sign the Affordable Care Act is working as intended.
Since the first ACA open enrollment period, Covered California has enrolled 1.3 million residents, and 77 percent of individual enrollees pay less than $150 on monthly premiums. Yesterday, the state exchange's executive Director, Peter Lee, outlined four keys to its success.
The financial challenges facing state health insurance exchanges are no secret--and a recent Commonwealth Fund report spells out the struggles each state faces in its efforts to achieve financial sustainability.
Add Covered California to the growing list of state insurance exchange facing financial difficulties in the first year that Affordable Care Act exchanges are supposed to be self-sufficient.
The Affordable Care Act has narrowed patient networks in California, but at no overall cost to care quality, according to a new study published in Health Affairs.
Anthem maintained its top spot on the Covered California insurance marketplace, followed by Blue Shield and a gaining Kaiser Permanente.
The board of Covererd California rejected a bid from UnitedHealth to sell plans on the state exchange in 2016, according to the Los Angeles Times.
State regulators ruled last week that Anthem Blue Cross and Blue Shield of California misled consumers about their Obamacare coverage.
Because 600,000 Latinos in California remain uninsured, despite qualifying for subsidized coverage, Covered California intends to boost Latino enrollment numbers, according to the Los Angeles Times.