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Title : California Health Insurance Premiums To Rise An Average Of 12.5 Percent -- FBN -- August 1, 2017
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California Health Insurance Premiums To Rise An Average Of 12.5 Percent -- FBN -- August 1, 2017

Link here. Rachel Maddow will not be covering this story.

Monthly premiums for California health insurance plans sold under former President Barack Obama’s health care overhaul will rise by an average of 12.5 percent next year, officials said Tuesday.

A major insurance carrier will also stop offering the plans in most of the state, forcing about 10 percent of people insured through Covered California to buy a new plan. Anthem Blue Cross will continue offering plans only in Santa Clara County and parts of Northern California and the Central Valley.

Covered California’s announcement on 2018 pricing comes at a time of extreme uncertainty about the future of the U.S. health care system. A Republican plan to unwind key pieces of the Affordable Care Act failed in the U.S. Senate last week, but President Donald Trump has repeatedly urged lawmakers to keep working on it. Trump has threatened to end payments that insurance companies receive to keep down out-of-pocket costs for lower-income consumers.

Premiums for consumers on “silver tier” plans, the most popular, could spike even more if those subsidies are taken away, officials said.

The DEMS and three RINOs in the US Senate appear to have no problem with this.

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