Covered CA Announces Proposed Rates, New Entrant

Covered California, which recently hit a record 1.6 million enrollees, said Wednesday (July 28) that preliminary rate increases for the 2022 plan year average about 1.8%, and every resident will have a choice of two insurers as several existing carriers are expanding their coverage areas and one new insurer will join the marketplace. The exchange also stresses in its announcement that the more-generous premium tax credits will be available throughout all of 2022. Already, 700,000 Californians are signed up for...