Obamacare recipients in California will have to pay more for insurance next year

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Premiums on Covered California, the state-run Obamacare exchange, will jump by a statewide average of 12.5 percent next year. Rates could go up even more if President Trump ends federal subsidies. One of California's biggest insurers, Anthem Blue Cross, plans to drop out of most of the Obamacare markets where it offers individual plans.