California Health Insurance Crisis | Business and Finance News

Health insurance for families in California is about to get a brutal price hike—premiums could jump 9% next year, pushing average family plans over $30,000, roughly the cost of a new car. Driven by soaring medical and drug costs, insurers are passing the burden to workers, effectively slashing take-home pay. Small businesses are buckling under the strain, cutting hours, closing early, and sacrificing wages and service. On top of that, new state taxes on private plans will add $100 per person annually, while pandemic-era subsidies expire, causing more Californians to drop coverage. The fallout? Companies are cutting jobs or raising prices, creating a vicious cycle where staying healthy costs more and more across every part of life. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c618ac85d769c0a2