A recent report revealed that California has recently cut on the premium costs by a whopping 24% which means a lot to the people who were disturbed with sharp rise. Reports say that the sudden drop in premium costs has startled many. Now the average reduction stands at 17.9% as reported by the MRMIB (Managed Risk Medical Insurance Board). In fact the insurance board chairman is pleased that the State has taken proper initiatives to cut it on the premium costs.  He is impressed with the decision of the insurance board as a major section of the population was unable to avail health benefit plans due to the heightened costs in the premium prices. From health insurance to Group Insurance Orange County, the entire insurance industry has raised the premiums of health benefit plans.

The state of California has been provided with a massive fund structure financed by the Federal Government in order to continue with the plans until the year, 2014. CA is allotted a massive $761 to carry on with the program.