California residents who choose to buy health insurance through the state exchange being created by the Affordable Care Act may end up paying higher premiums.
WellPoint Inc., Molina Healthcare Inc. and Health Net Inc. were among 13 insurers selected to participate in the most-populous U.S. state’s health exchange, which begins enrollment Oct. 1. While the rates the companies will charge vary widely depending on a person’s circumstance, the director of the exchange said today that premium increases will be less than the 30 percent jump projected by consulting company Milliman Inc.
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