Indicators Suggest Some Insurance Rates In Wash., Calif. To Increase Less Than 10%
The Los Angeles Times reports that Anthem Blue Cross's individual coverage premiums are expected to increase on average less than 10 percent next year. Also, the Associated Press notes that, though the rate approval process has just begun, the proposed average increase for Washington state rates is 8.25 percent.
Los Angeles Times: Anthem's Obamacare Rates To Increase Less Than 10% In California
In the strongest indication yet where Obamacare rates are headed, industry giant Anthem Blue Cross said its California premiums for individual coverage will increase less than 10% on average next year. Health insurance rates in California during the initial rollout of the Affordable Care Act were better than expected, helping boost enrollment to 1.4 million people in the Covered California exchange (Terhune, 6/12).
The Associated Press: Washington Health Insurance Rates To Go Up In 2015
People who buy their own health insurance in Washington state can expect rates to go up in 2015, but probably not as fast as insurance costs increased in the years before federal health care reform took effect. The process of approving insurance rates in Washington has just begun, but the proposed average increase for the more than 320,000 people who buy their own health insurance is 8.25 percent, according to the Office of the Insurance Commissioner (Blankinship, 6/12).