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Coated California premiums projected to rise 11 p.c in 2019

The price of medical health insurance continues to climb in California.

Estimates launched Thursday by Coated California, the state insurance coverage market, mission that premiums within the particular person market will rise 11 p.c subsequent yr, whereas enrollment within the alternate — which is bigger than another state’s — will drop 12 p.c.

An enormous motive is the elimination of a federal requirement to purchase medical health insurance, which had been included within the Inexpensive Care Act of 2010 however was eliminated final yr by the Republican-led Congress. The requirement, enforced by risk of a tax penalty, was designed to make sure that even wholesome individuals purchased insurance coverage, thus bringing down the price of care for everybody.

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