Unexpected Health Insurance Rate Shock-California Obamacare Insurance Exchange Announces Premium
“One reason for the misplaced expectations may be that actuaries have been making worst-case assumptions, even as insurers—eyeing the prospects of so many new customers—have been calculating that it’s worth bidding low in order to gobble up market share. This would help explain why premium bids in several other states have proven similarly reasonable. “The premiums and participation in California, Oregon, Washington and other states show that insurers want to compete for the new enrollees in this market,” Gary Claxton, a vice president at the Kaiser Family Foundation, said via e-mail. “The premiums have not skyrocketed and the insurers that serve this market now are continuing. The rates look like what we would expect for decent coverage offered to a standard population.”
RatesBig Three automakers, reinvented, eye consumers worldwide
Their evolution has been "transformative, like nothing that ever occurred in the past for the American auto industry," says Mike Smith, a labor historian at Wayne State University in Detroit. "American automobile workers and companies are more efficient than they have ever been during any time in history."