The average increase of 9.6% — the largest in five years — will be covered by taxpayers, officials say.
| The Associated Press
The federal Affordable Care Act lets people who don’t get health insurance from their job buy coverage from a marketplace. Most states let the federal government run their marketplaces for them. But California runs its own marketplace called Covered California. State officials blamed next year’s increase on a variety of factors, including inflation, higher pharmacy costs and labor shortages. Covered California Executive Director Jessica Altman called it “a challenging year for health care costs.”
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