Covered California, the Golden State’s exchange for Obamacare, has announced that it will cap the price of prescription drugs for the 2.2 million Californians who have bought individual insurance plans.
Major insurers in some states are proposing up to 51 percent premium increases for health plans sold under the Affordable Healthcare and Patient Protection Act, commonly referred to as Obamacare. Despite single digit increases for 2015, insurance companies are seeing their costs jump and are demanding to be compensated with dramatically higher rates.
One of the largest data breaches in history was revealed Wednesday, as health insurance giant Anthem Inc. acknowledged its computer system was violated starting on December 10. The company noticed the breach on January 27 and verified it two days later.
