Rates in most of the state's populous counties are expected to be significantly below premiums now charged by insurers for similar plans. Average premiums for a 40-year-old employee are slated to fall 17% in southern Los Angeles County and 13% in the northern part. Rates for younger and older workers are expected to drop proportionally, Covered California said.<quoted text>. True but, it will have to fail on it's which Obama care is already doing. No one case register correctly and rates are sky-rocketing in California.
An important element of President Obama's Affordable Care Act, these small-business exchange policies will take effect Jan. 1. Insurance companies will continue to offer small-business policies apart from the exchange.
Giving small-business owners new options to help their employees is crucial in California, healthcare advocates argue. According to the California Healthcare Foundation, the state has more than 7 million people under the age of 65 who don't have health insurance. Statewide, 25% of workers are not insured. That rises to 40% at companies with fewer than 10 people.