Major health insurers opt out of CA’s state-run market

Millions of Californians could face higher health insurance premiums next year after some of the nation’s most prominent health insurers refused to sign up for California’s new state-run health insurance exchange.

The move could signal a rocky road ahead for the national rollout of expanded health coverage under Obamacare.

According to The Los Angeles Times, UnitedHealth, the nation’s largest private insurer, Aetna, and Cigna all are opting out of Covered California, the state insurance exchange, which announced Thursday morning the winning bidders and their proposed rates and plans for as many as 5 million people shopping for coverage next year.

The goal of the exchange is to offer individuals and small businesses a choice of private health plans similar to those that workers at large companies already receive. But with fewer insurers participating, some argue that individuals will face significantly higher premiums and fewer choices.

IDAHO INSURANCE AGENCY
Paul King and Charlotte Hildebrandt
1650 Albright Ln #101
Boise, Idaho 83709
208-377-7101

Search:

Recent Posts:

Client Survey

Due to many changes with Medicare for 2025 we are

Questions? We’re Here to Help!

Open Enrollment for 2025 for Individuals is October 15th through December 16th and Annual Enrollment for 2025 for Medicare is October 15th through December 7th. Please contact us to discuss your options!
+
Idaho Insurance Agency
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.