California Insurers Warn Of Collapse of Health Care Exchanges

Californians may be about to experience the collapse of the Obamacare exchanges in their state.

Insurers in the Golden State are threatening to raise premiums and exit the Obamacare insurance exchanges if the Affordable Care Act’s cost sharing payments are not made. The payments, which are made to insurance companies by the federal government, subsidize the losses that insurers accrue from insuring people with pre-existing conditions without charging higher prices.