Posted: Mar 28, 2013 11:29 AM by Associated Press
SACRAMENTO, Calif. (AP) - A new report commissioned by California's health care exchange says individuals who buy their own health plans will see the cost rise an average of 14 percent next year under the Affordable Care Act.
The report released Thursday by Covered California said the increase is largely due to an influx of people who previously could not afford health insurance or were denied coverage because of pre-existing conditions.
Exchange director Peter Lee says this small group of people will get better health plans that won't bankrupt them if they become ill. Those affected include independent contractors and self-employed people.
The report estimates that rates in California would rise 9 percent in 2014 even without federal changes. It did not look at costs for most adults who receive coverage through their employer.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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