Proposed rate increases for 2016 health insurance coverage that a dozen carriers will sell on Covered Californias state-run exchange will be just 4% compared to the 4.2% rise approved for 2015.
The recently announced statewide weighted average was hailed as a dramatic departure from annual double-digit rate increases in the states individual health insurance market that preceded the Affordable Care Act. It also extends beyond exchange plans, since health insurance carriers in the state are required to offer the same products at the same prices both on and off the exchange.
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