California Residents Face Steep Healthcare Premium Hikes: Average Rate Increase of 9.9% Expected in 2027 Covered California, the state's health insurance marketplace under the Affordable Care Act, is bracing for a significant increase in premiums next year. According to recent reports, rates for plans sold through the platform are expected to rise by an average of 9.9% in 2027. This substantial hike will undoubtedly affect thousands of Californians who rely on Covered California for affordable healthcare coverage. As the cost of living in the state continues to rise, many are left wondering how they will absorb these increased costs, and policymakers are under pressure to find solutions to mitigate the financial burden on consumers.
Rates for plans sold through Covered California, the state’s health insurance marketplace under the Affordable Care Act, commonly known as Obamacare, will rise an average of 9.9% in 2027.
