Here are four things to know:
1. The increase is nearly three times more than the payer’s increases in the past two years.
2. Covered California’s price hike adds fuel to the fire over the Affordable Care Act’s negative impact on escalating premiums.
3. Anthem projects it will increase prices by 17.2 percent next year.
4. Major payer Blue Cross Blue Shield of California also expects a 19.9 percent price increase to offset loses.
More articles on coding & billing:
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Million-dollar losses & thousands of uninsured: Will the remaining 7 co-ops persevere or fall prey to the turbulent payer marketplace?
Payer mega-mergers on the fritz: Justice Department could file blocking suit — 5 highlights
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