California health insurance marketplace expects 1.8% rate increase in 2022

Covered California, the state’s health insurance marketplace, projects that preliminary health insurance rates for 2022 will increase by an average of 1.8% statewide, according to HealthLeaders. The state credited the relatively low rate hike to expanded subsidies under the federal American Rescue Plan Act, which lowered premiums by an average of 50% for hundreds of thousands of Californians.