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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.