And the GOP Does NOTHING
(Press Telegram) - Anthem Blue Cross is proposing a 35 percent rate increase for about 135,000 consumers who buy their own insurance in and outside the Covered California exchange.
It’s the largest increase statewide and assumes that federal subsidies for copays and deductibles will continue to be paid. The second highest, also assuming the U.S. government will continue paying those subsidies, is 28.6 percent by Molina Healthcare.
The company said it stands by its California cost projections in light of growing market volatility. In documents filed with regulators, the company expressed concern that declining enrollment in the individual market would saddle it with a sicker group of policyholders.
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