Covered CA issued their 2018 rate book today, showing an average 12.5 percent increase for next year. In addition, Covered CA cautioned that the may need to add an additional 12.4 percent surcharge on all Silver plans if the federal government takes away funding for Cost-Sharing Reduction payments.
Anthem Blue Cross is withdrawing from 16 of California’s 19 pricing regions. The remaining regions will be Regions 1, 7 and 10. More than half of their members will need to replace their coverage in 2018.