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.”