Rich Pedroncelli / AP

Anthem is leaving 16 of the 19 regions in California's Affordable Care Act insurance exchange for 2018, per Covered California. The for-profit Blue Cross Blue Shield giant also eliminated all of its HMO and PPO plans and will only sell "exclusive provider organization" plans, which are narrow networks of doctors and hospitals.

Yes, but: All 11 health insurers still plan on operating in California next year, and 82% of ACA shoppers will have at least three insurance options. Anthem's exit will affect about 150,000 people, but California's exchange has been robust enough to offer alternatives.

The headline numbers: Average ACA rates are expected to rise 12.5% in 2018. People with premium subsidies won't feel that rate bump much, but it's a large increase for middle-class people who don't get subsidies. Health plans also would add surcharges averaging 12.4% if cost-sharing reduction subsidies are nixed.

Go deeper

3 hours ago - World

Macron visits Beirut promising a "new political pact" for Lebanon

Macron visits the hard-hit Gemmayzeh neighborhood. Photo: AFP via Getty Images

French President Emmanuel Macron walked through the blast-damaged streets of Beirut on Thursday, swarmed by people chanting for the fall of Lebanon's government and pleading for international aid.

Why it matters: Lebanon is at a breaking point. Its economy was collapsing and its government hardly functioning — all before a massive explosion destroyed swathes of the capital city, including its vital port.

3 hours ago - Sports

The PGA Championship is golf's first major in over a year

Photo: Gary Kellner/PGA of America via Getty Images

The 2020 PGA Championship tees off Thursday at San Francisco's TPC Harding Park, which is hosting its first-ever major.

Why it matters: It's the first major in more than a year — and the first of seven majors in the next 12 months. Though there won't be any fans in attendance, the excitement is palpable.

July's jobs report could be an inflection point for the coronavirus recovery

Illustration: Sarah Grillo/Axios

Even if Friday's jobs report shows a big number, it is becoming clear hiring slowed and likely even reversed course in July and real-time indicators suggest the employment situation worsened into August.

Driving the news: Payroll processor ADP's monthly jobs report showed private companies added 167,000 jobs last month, well below the 1.2 million expected by economists and far below June's 4.8 million jobs added.