The board of California's health insurance exchange, Covered California, on Thursday decided not to allow insurance plans that do not meet Obamacare standards to continue operating in that state, according to
That state already faces an age-old health insurance challenge: The old folks are outrunning the kids in the race to sign up for California's insurance. If the trend continues, it might lead to higher premiums down the line.
People between the ages of 45 and 64 have enrolled in California's health exchange at a much higher rate than their overall portion of the state's total population, while younger adults' enrollment levels essentially track their overall population size, data released on Thursday revealed.
If the trend holds up, it could mean that insurance plans are overweighted with older customers, and underweighted with younger, presumably healthier people. Since their premiums are much needed to offset the cost of benefits paid out to sicker individuals, that could lead to higher premium prices in 2015.
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California's enrollment numbers are being closely watched because of its huge population, and because the state is running its own Obamacare exchange. Thirty-six other states are letting the federal government sign up their residents through HealthCare.gov.
As of Monday, 79,891 people had so far signed up for insurance through the Covered California exchange. Thursday was the first time The Golden State released a breakdown of who was enrolling, and the initial picture shows a lot more gray hair than surfer blonde.