Covered CA Hedges On Rates Until Sept. 30; Approves Stabilization Package

The nation's largest state-based exchange said Thursday (Aug. 17) that it will hold off on finalizing 2018 premium increases until Sept. 30 due to ongoing federal uncertainty, including the potential that Congress will fund the ACA’s cost-sharing reductions. Covered California's Board of Directors also approved several policies to help stabilize the market, including additional outreach funding and new contract language that allows issuers to recoup unexpected losses caused by federal policy changes. As the exchange said last month, the average...