Premonition of UC Health Insurance Costs Next Year? - Part 2

We noted in a prior post that CalPERS was announcing big health insurance cost increases - which suggests that UC might be doing the same this year.* Now there is more evidence. From CalMatters:

Premiums for health insurance sold through the state marketplace will increase by nearly 10% next year, the highest rate hike since 2018, Covered California officials announced Tuesday. The projected 9.6% hike is the result of a “complicated time for health care,” Covered California Executive Director Jessica Altman said during a media briefing, but many Californians will be shielded from the increases as a result of federal and state financial assistance. 

About 90% of enrollees qualify for some type of federal or state financial aid and 20% will see no change in their monthly premium, officials said. About 1.6 million Californians turn to the marketplace for health insurance, which offers plans that cost as little as $10 a month. The rate increase, however, represents the return of a troubling trend: runaway health care costs, experts said...

Full article at https://calmatters.org/health/2023/07/covered-california-2024-health-rates/.

===  

*http://uclafacultyassociation.blogspot.com/2023/07/premonition-of-uc-health-insurance.html.