Speed Reads
California love
Californians face just a 4.2 percent increase in ObamaCare premiums
Californians face just a 4.2 percent increase in ObamaCare premiums
California announced Thursday that the 1.2 million Californians insured through the state-run ObamaCare exchange will face just a 4.2 percent premium increase next year. Officials at Covered California, which negotiated the rates, said the deal will break the trend of double-digit rate hikes. California Insurance Commissioner Dave Jones said this is "merely a pause" in the big annual premium increases.