California Exchange Rates To See “Modest” Increase Of 4.2 Percent.

On Thursday, Covered California announced the results of its negotiations with major insurers. The Los Angeles Times Share to FacebookShare to Twitter (8/1, Pfeifer, Terhune, Karlamangla) reports that “defying an industry trend of double-digit rate hikes, California officials said the more than 1.2 million consumers in the state-run Obamacare insurance exchange can expect modest price increases of 4.2% on average next year.” Peter Lee, Covered California’s executive director, remarked, “We have changed the trend in healthcare costs. This is good news for Californians.”