California's proposed 2015 Obamacare premiums to rise 4 percent in 2015

[riky]

California's proposed 2015 Obamacare premiums to rise 4 percent in 2015

Healthcare premiums will rise an average of 4.2 percent in 2015 on California's health insurance exchange, the largest of the state marketplaces established by President Barack Obama's healthcare reform, state officials said on Thursday. Ten companies will sell plans for 2015 through Covered California, three fewer than this year, said the exchange's Executive Director Peter Lee. Opponents of Obama's healthcare reform, the 2010 Affordable Care Act, have warned for months that 2015 premiums would soar due to the high medical costs of the first wave of enrollees who, they claimed, are older and sicker than the general population. In California, however, insurers' projections of 2014 medical spending were fairly accurate.

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