Covered California Premiums to Jump 17% when Fed Subsidies End
The Governing Board of Covered California will allow insurers to raise rates by an extra 15-17 percent if Trump eliminates illegal federal subsidies to cover out-of-pocket medical costs.
The Governing Board of Covered California will allow insurers to raise rates by an extra 15-17 percent if Trump eliminates illegal federal subsidies to cover out-of-pocket medical costs.
Despite giving residents another 48 hours this year to sign up for a mandatory health plan, Covered California saw first-time enrollments fall to 412,000, down 6 percent from 439,000 last year, according to exchange spokesman James Scullary.
Despite President-elect Donald Trump picking hard-core Obamacare foe Republican Rep. Tom Price (R-GA) as the next Secretary of Health and Human Services, California’s huge Obamacare exchange thinks it can survive the promised “repeal and replace.”
The Health Consumer Alliance filed a blistering letter just before Covered California’s Board meeting on Thursday warning the program is near administrative collapse.
Sharyl Atkisson of the Daily Signal reports that Covered California deliberately tried to hide its operations from public scrutiny, including the number of enrollees, the close ties of many contractors to executive director Peter Lee, and general mismanagement. Her investigative report, based on whistleblower accounts, is the second in a two-part series on Covered California, which has been touted by Obamacare supporters as the model for how other states should run their programs.
Investigative reporter Sharly Atkisson, who uncovered key details of Operation Fast and Furious and the Benghazi scandal, now reports at the Daily Signal that Covered California, the Obamacare health care exchange established by the State of California, is not the success story that boosters claim, but is rather rife with fraud, chaos, and failure.