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Covered California is the health insurance marketplace in the U.S. state of California established under the federal Patient Protection and Affordable Care Act (ACA). The exchange enables eligible individuals and small businesses to purchase private health insurance coverage at federally subsidized rates.
Most Covered California shoppers choose the middle-tier silver plans. Those plans cover 70% of all medical costs, while the consumer pays 30%. On average, platinum-level plans cover 90% of health ...
A new Biden administration rule will make more families eligible for subsidized health insurance through the Affordable Care Act. Covered California estimates that more than 600,000 Californians ...
The primary reason for the 6.5 million (24%) increase in uninsured from 2016 to 2029 is the repeal of the ACA individual mandate to have health insurance, enacted as part of the Trump tax cuts, with people not obtaining comprehensive insurance in the absence of a mandate or due to higher insurance costs.
Health insurance costs are slated for the biggest jump since before the COVID-19 pandemic for people enrolled through Covered California. The state-based marketplace announced on Tuesday that ...
Under the individual mandate provision (sometimes called a "shared responsibility requirement" or "mandatory minimum coverage requirement"), [28] individuals who are not covered by an acceptable health insurance policy will be charged an annual tax penalty of $95, or up to 1% of income over the filing minimum, [29] whichever is greater; this ...
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