The expiration and change of Affordable Care Act subsidies could create significant financial challenges for Southern California residents, with most people already facing an average of 10% increase in premiums this coming year, according to the California Healthcare Foundation.
The timing couldn’t be worse, as healthcare costs continue to rise across the board. Insurance companies are paying more to provide care and passing those costs directly to consumers– a trend that intensified during the COVID era.
“Premium increases this year are particularly bad,” said Christoph Stremikis, a healthcare policy expert with California Healthcare Foundation said…