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Obamacare premiums to rise a modest 4.2% in 2015
Obamacare premiums to rise a modest 4.2% in 2015

Defying an industry trend of double-digit rate hikes, California officials said the more than 1.2 million consumers in the state-run Obamacare insurance exchange can expect modest price increases of 4.2% on average next year. On Thursday, Covered California announced the results of its negotiations with Anthem Blue Cross, Kaiser Permanente and other major insurers, an important yardstick for President Obama's Affordable Care Act. "We have changed the trend in healthcare costs," said Peter Lee, Covered California's executive director. "This is good news for Californians." Policyholders in some major urban areas will see increases slightly above the...

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