Covered California 2024 insurance rates are climbing despite health care subsidies that eliminate coverage deductibles.
Finn Washburn, 9, receives the COVID-19 vaccine in San Jose as his sister, Piper Washburn, 6, waits her turn on on Nov. 3, 2021. Photo by Noah Berger, AP PhotoCalifornia still offers generous subsidies, but the rate hike signals that runaway health care costs are back after five years of low premium increases.
About 90% of enrollees qualify for some type of federal or state financial aid and 20% will see no change in their monthly premium, officials said. About 1.6 million Californians turn to the marketplace for health insurance, which offers plans that cost as little as $10 a month., experts said.
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