California, CO Residents Could See Dramatic Rate Decreases In 2020

Some residents in Colorado could see premiums drop by 33.5% in 2020 and Californians may see decreases of up to 10 % compared to 2019 prices based on preliminary rates, and both states attributed the cost reduction to state-level actions to shore up the marketplace. Colorado has already submitted a waiver to set up a reinsurance program for 2020, and California enacted an individual mandate and a new subsidy program that offers additional financial assistance to nearly a million residents...